Market Eye – Week Ahead: Traders see shares weak ahead
- Trouble mounts for Sreesanth as Mumbai cops gather more evidence
- SIT to seek Supreme Court guidance on Maya Kodnani death penalty issue
- Tamil Nadu police bans Yasin Malik-linked pro-Eelam public meeting
- Kings XI Punjab end IPL 2013 campaign with a win
- Narendra Modi: India losing sheen as agricultural nation
* After a largely disappointing October-December earnings season, outside of some sectors such as IT, investors expect the market to remain in a narrow range ahead of the budget on Feb. 28.
* Traders will also track domestic institutional investors' flows, who have been on a selling spree in recent months as retail investors continue to cash in a recent rally by selling their equity mutual funds.
* Investors will be looking to see whether next year's budget will provide fiscal reform measures or whether the government will increase spending ahead of the general elections by 2014.
* A fiscally disciplined budget could see the markets once again resume gains. The BSE index having fallen 2.15 percent so far this month.
KEY FACTORS TO WATCH
Tues: India bond, FX markets closed for banking holiday
Thurs: Budget session of parliament to begin
- Quake-hit and shaken, Bhaderwah spends nights in the open
- UP blast accused dies on way to jail, govt wanted to drop case against him
- Former civil aviation secy changes mind, seeks airport security exemption as EC
- BCCI suspects Gujarat players in other teams were also approached
- Mumbai police say they too may seek custody of arrested pacer
- Chhattisgarh 'encounter' leaves 8 villagers dead, no Maoist link yet