Q2 results, stock movements to set tone Market Khabar
Bimpact from populist farmer bailouts being engineered by different state governments may impact RBI policy, say observers.
Geopolitical tensions are back on radar. Track developments on China front.
Next major round of financial reforms are expected in the monsoon session after the election of the President.
There was a fair bit of negativity in some global markets last week, but the gloomy mood has turned optimistic over the weekend following the release of better-than-expected US job numbers and outcome of G20 conclave.
With focus on Q2 results season, market movement in near term will be dictated by stock specific moves.
For the week ahead, chartists predict trading range of 30,750-31,800 and 9,475-9,825 for the indices. Support for the indices evident at 31,075 & 30,750 and 9,575 & 9,385.