Profit taking and concerns about near term economic outlook dragged down stocks on the Indian bourses last week. And the mood is not likely to be any significantly different next week as well, as investors will mostly be looking for strong triggers to indulge in any big buying.
Automobile and cement stocks will remain in focus, and sales and shipments data from leaging players in these segments will provide some direction. Metal stocks will track January production data.
Besides these numbers, quarterly results from leading companies, including ACC, Sun Pharmaceutical Industries, Mahindra & Mahindra, Hindalco, Bank of Baroda, Cipla and Ambuja Cements, will also set the tone for the market.