South Asian Insider
Next week, RBI policy and global cues to dictate the trend in the market
With the Union Budget behind us, the focus would be on the Reserve Bank of India (RBI) monetary policy on Wednesday, 8th February 2017. While most of the street expect the RBI to leave benchmark repo rates unchanged at 6.25 per cent.
Some feel RBI may go for a 25 basis points (bps) cut to kick start the economic growth engine of the country which has been muted for quite some time now.
But more than the rate cut market would take a cue from the governor speech on the overall growth in the economy especially in context with the globe and its impact on India.
With no major negatives expected in the current week market will continue to remain positive with the index movement being rangebound. The market this week will keep an eye on the budget session that ends on Thursday, 9th February 2017. Momentum will also gather ahead of the upcoming state election in the five states.
However there isn't any major triggers in the domestic market and the Indian market will take a cue from its global counter parts, especially the development in US, Euro-zone and China.
Stocks of pharma major Dr Reddy's Labs, Cipla and Lupin will remain in focus ahead of its December quarter results. Other companies like State Bank of India, Tata Steel, Bhel, Hero MotoCorp, Mahindra & Mahindra, Tata Power, NTPC, BPCL, Gail and Power Grid Corporation will also remain in action as it unveil its quarterly results.
Delhi Chief Minister or Lieutenant Governor supreme? Supreme court will decide today
Who holds the reins of Delhi — Chief Minister Arvind Kejriwal or Lieutenant Governor Anil Baijal? It will be known Wednesday when ...
Delhi cricket polls may be invalidated, violations under scrutiny: Vinod Rai
A day after television news channel owner Rajat Sharma’s panel swept the Delhi and District Cricket Association (DDCA) polls, chai...
Supreme Court checks govt: Pick DGP from state names shortlisted by UPSC
Ordering a slew of measures to push police reforms, the Supreme Court Tuesday directed states to notify the Union Public Service C...
Arrest inside court premises cannot be tolerated: Madras HC
Taking a serious view of police arresting people in court premises, Madras High Court Chief Justice Indira Banerjee on Monday said...
Theresa May says UK to set out new Brexit details after June EU meeting
Prime Minister Theresa May told the EU’s Donald Tusk on Monday that Britain would set more details on its vision for a future rela...
Iran vs Portugal Live Score, FIFA World Cup 2018: Iran 0-0 Portugal
16' Portugal awarded the free kick and Ronaldo takes it just outside the box and the shot touches the top of the wall and goes ove...
Chinese tech investment in US is next target in Trump's crackdown: Reports
WASHINGTON: President Donald Trump is set to announce new measures this week to target growing Chinese investment in key technolog...
Figures show about 2,000 minors separated from families
Nearly 2,000 minors have been separated from their families at the US border over a six-week period during a crackdown on illegal ...
Car bomb kills 20 during Eid ceasefire in east Afghanistan’s Nangarhar
A car bomb killed at least 20 people at a gathering of Taliban and Afghan armed forces in the eastern city of Nangarhar on Saturda...
Delhi court extends by 5 days ED custody of scribe Upendra Rai
A Delhi court on Saturday allowed custodial interrogation of journalist Upendra Rai by the Enforcement Directorate for another fiv...
© All rights Reserved. The south Asian, Published Weekly from New york.