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Week Ahead: Indian shares seen recovering; finmin assurance to help

Source : REUTERS
Last Updated: Sat, Mar 02, 2013 11:25 hrs
INDIAN STOCK BROKERS WATCH THE KEY SENSEX SHARE INDEX IN BOMBAY.

Indian shares are seen recovering losses sustained in the run-up to and after Thursday's budget as the market's focus shifts back to earnings and the central bank's rate meeting on March 19.

Clarification on the tax residency issue, which in part led to the budget day selloff, is also seen calming overseas investors.

Also on watch, aviation stocks as India's regulatory body on foreign investment meets on Wednesday to consider a proposal by AirAsia Bhd to invest in an airline joint venture with the Tata group.

On the global front, a host of central banks meet next week including ECB, BOJ, BoE and RBA on policy.



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