Key Points
When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them...
On the sectoral basis, PSU banks gained the most while FMCG and Media fell the most," Arvinder Singh Nanda, Senior Vice President of Master Capital Services said.. Nanda said that the market will react to the major domestic and global economic data, crude oil inventories, FII/DII investment and movement of rupee against dollar amid the ongoing earnings season...
"The Indian rupee....was supported by an upbeat risk appetite following the presentation of India's federal budget and a fall in the US bond yields and the Dollar Index in the previous session, " the PTI report said, quoting forex traders..
The range could be 82.70 to 83.20, Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP said.. Monday will be ex-date and record date for interim dividends of Mahanagar Gas, Coforge, Sona BLW Precision Forgings, CG Power and Tanla Platforms; February 6 ex-date and record date for GAIL India, Aarti Drugs, Motilal Oswal Financial Services and December 7 for VIP Industries...
"The budget has provided a positive outlook and a kicker for the bond market as the supply is going to be at same levels whereas the expected demand is more on account on global bond (index) inclusion," this Reuters report said quoting VRC Reddy, treasury head at Karur Vysya Bank, said..
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