Moderating inflation and a likely reversal of tight monetary policy will boost the economic prospects during 2012, said Finance Minister Pranab Mukherjee.
"I expect the domestic factors to contribute to
Domestic economic data releases and the Reserve Bank of India’s money policy review scheduled for Friday may set the tone for the equity market this week. The index of
Stocks declined on Wednesday as investors squared off positions ahead of the Reserve Bank of India’s policy meet scheduled for Thursday. Banking and realty stocks took a knock.
Shrugging off weak global triggers, stocks on Monday kicked off the week with healthy gains. Sentiment recovered on fall in Brent crude prices by over $2.50 a barrel on likely slowdown in crude demand by Japan, after destructive earthquakes and a massive tsunami hit the country on Friday.
Advance tax figures are likely to be market friendly. However, the calamity in Japan may keep Asian markets jittery. Last time when a tsunami of such a magnitude had hit Japan in 1995, it had caused damage worth $100 billion. This time the damage could be bigger. Any report on the estimated loss will be followed keenly
Fear of another round of rate hike by the Reserve Bank of India in Thursday’s credit policy review and weakness in major south Asian and European markets spooked sentiments on the domestic bourses on Wednesday.
Investors will zero in on advance tax numbers, the Reserve Bank of India’s money policy review, monthly inflation data and global cues before putting their money in stocks this week.
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