Sunday, 28 July 2013

Weekly Outlook

The RBI policy meet on July 30 may turn out to be a non-event given the fact that it has
already taken number of measures at addressing the immediate troubles facing the
economy.

Nifty, for the coming week, may find it difficult to trade above 5960 -- 5980 range.
However, the sentiment will continue to remain bearish with an eye on the upcoming
results.

Despite the various measures taken by the RBI,  INR is failing to close below Rs.59.
The past week saw rupee trading in the range of Rs. 59 -- Rs. 59.70 vis a vis the USD.
A close above Rs. 59.90, which seems to be unlikely at least for the near term, would
indicate fresh weakness.

1 comment:

  1. • BPCL says plan to raise up to Rs 2,000 crore via non-convertible debentures (NCDs) this financial year
    • SBI merger may be delayed as banks yet to seek CCI approval
    • Tata Teleservices in early talks to join RComm -Aircel-MTS combine
    CapitalStars

    ReplyDelete