INSUBCONTINENT EXCLUSIVE:
escalation in US-China trade war are expected to keep the domestic equity markets volatile during the upcoming week.Even attractive
valuations and an expected easing of the lending rate might not be enough to uplift sentiments, which are also marred by disappointing Q1
earning results and a weak monsoon, say experts."We may see some bounce-back, if any relief is announced on FPI (foreign portfolio
5, when the Budget proposed a levy of an additional surcharge on individuals and trusts earning more than Rs 2 crore and Rs 5 crore,
have been net sellers of over Rs 20,500 crore worth of stocks on the BSE, NSE and MSEI in the capital market segment, since July
flows, equity participants will keenly follow Reserve Bank's commentary on the economy."RBI is scheduled to meet next week and there is an
Advisors.Earlier, the RBI had gone for a hat-trick of rate cut on June 6, when it lowered key lending rate for commercial banks by 25 basis
such as Indian Hotels, Titan Company, Cipla, HCL Tech, India Cements, Mahindra - Mahindra, Tata Steel, Voltas, Coffee Day Enterprises, NBCC
(India), UltraTech Cement, GAIL (India), Hindalco Industries and Steel Authority of India are expected to announce their Q1 earning results
next week.In terms of currency, the rupee on a weekly basis weakened by 69 paise to close at 69.59 from its previous week's close of 68.90
forex and rates, Edelweiss Securities.On technical charts, the NSE Nifty50 still remains in "oversold" territory."Recovery could possible
only on a rise above 11,080 points
On rises above 11,080, index could head towards 11,200-11,250 in coming days as a counter trend bounce," said Deepak Jasani, head of retail
10,700-10,600."Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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