Range Markets on the cards as FED FOMC and Japan’s BOJ’s rate decision awaited later this week. Against the backdrop of a bearish trend across fellow Asian peers, the Nifty is set to witness a negative opening on Monday as investors stick to a cautious approach ahead of central bank decisions from the US and Japan this week, while bracing themselves for the next batch of Q4 earnings data that may signal the state of the health of Asia’s third biggest economy. ICICI Bank, Bharti Airtel, Maruti Suzuki, Axis Bank and Idea Cellular will be eyed this week for the January-March 2016 quarter earnings releases. RIL may be in focus today after the company, in after-market hours on Friday, posted a 16 per cent, year- on -year rise in net income at Rs 7,398 crore in Q4 FY 2015-16, the highest in more than eight years driven by a jump in refining and petrochemical margins. Volatility may remain high this week at the NSE Nifty ahead of the expiry of the April F&O contracts on Thursday. Read More.........
Submitted April 25, 2016 at 01:00AM by ShaileshSaraf http://ift.tt/26nmkpl
No comments:
Post a Comment