OUTLOOK
Indian market is likely to move in reaction to the global news flow and the FII expected to continue to support the markets from a free fall despite surging global crude oil prices and discouraging domestic macroeconomic factors. Q2 GDP data from U.S. as well as Q1 Indian GDP data are scheduled in this week and anticipatory sentiment may seen in the market’s movement. Moreover any revision in India’s GDP data will be in focus. F&O clearing is due in the week which will keep the markets trading movement a little jittery. Rubber prices have corrected substantially which may act as a sweetener for the tyre companies. Ceat Ltd. Coal India , GlaxoSmithKline consumer ,LIC Housing Finance are some of the companies to watch out for.
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