9:55 Sify Finance PM: One looking at medium term can go in for ICICI Bank at current levels. Small quantities can be added at declines.
9:43 Sify Finance PM: It's a cautious and sluggish start for stocks on the Indian bourses this morning, with investors tracking weak global cues. Data showing heavy selling by foregin investors over the past couple of sessions and some disappointng report cards from India Inc for the January - March 2015 quarter also appear to be weighing on the market.
9:23 Sify Finance PM: It's a cautious start for the Indian stock market this morning, with investors tracking weak global cues.
8:50 Sify Finance PM:
The Indian stock market is headed for a flat start on Tuesday, tracking weak global cues.
Wall Street ended lower overnight with inve stors looking ahead to the Federal Reserve's monetary policy statement, due on Wednesday. Asian markets are mostly subdued today.
Worries about retrospective taxation and none too encouraging earnings reports from India Inc are likely to prompt investors to shy away from stocks.
A weak rupee and data showing heavy selling by foreign investors - they reportedly sold shares worth a net Rs 1750 crore on Monday - will also weigh on the market.
Reliance Communications will be in focus after the company raised about $300 million through sale of offshore bonds.
Bharti Airtel, Godren Consumer Products, Idea Cellular, KPIT Technologies, NELCO, Shriram City Union Finance, Sterling Holiday Resorts, Welspun Corp and Tata Elxsi will be announcing their results today.