|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
With several top notch companies still to come out with their quarterly results, investors are likely to tread cautiously at times over the next few sessions. Global factors too will continue to make an impact on the market.
Sustained inflow of funds from FIIs was one of the major contributors for the market's rise to multi-month highs last week. And the trend is likely to continue for a while, as no significant negative news is around to warrant a sell-off. Developments on the political front, however, could prove a dampener of sorts.
The data on consumer price inflation for rural and urban India for April, to be released on Monday (13 May 2013) will set the trend for the market for the earlier part of the week.
A fairly encouraging report on industrial production in March aided sentiment on the bourses last Friday, and the data will help keep the mood somewhat positive for a while. However, a significant turnaround in the economic situation looks quite unlikely and the mood may turn cautious and even a bit bearish anytime soon, as no big positive triggers are in sight.
A positive close on Wall Street on Friday, could set up a steady start for the Asian markets on Monday. But a strong upmove may not happen as investors are likely to go in for some profit taking, cashing in on recent gains.
The market, for a better part of next week, will remain sideways, with a few volatile spells at times. Shares from rate sensitive banking, automobile and realty sectors will see some buying, although support at higher levels may be elusive. FMCG and healthcare stocks are likely to find some support.