Market Eye – Week Ahead: Traders see shares weak ahead

Agencies : New Delhi, Fri Feb 15 2013, 21:52 hrs

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* 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

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