The Q1FY11 earning season, so far, has not surprised the market on either side
The coming week, though, would be important in this regard as the market would closely watch numbers of Reliance Industry .
The RBI also would release its monetary policy on July 27, 2010 and any rate hike of more than 25 bps is likely to be negative for market sentiments.
Among other developments, monsoon progress continued to be weak with overall rainfall remaining 17% below normal according to the latest data by the Indian Meteorological Department.
Some caution, thus, is likely to be seen at higher levels Failure of both indices to sustain their gains on the last trading day of the previous week also indicates that the broad range for the Nifty in coming days is likely to be 5500-5350 .
The coming week, though, would be important in this regard as the market would closely watch numbers of Reliance Industry .
The RBI also would release its monetary policy on July 27, 2010 and any rate hike of more than 25 bps is likely to be negative for market sentiments.
Among other developments, monsoon progress continued to be weak with overall rainfall remaining 17% below normal according to the latest data by the Indian Meteorological Department.
Some caution, thus, is likely to be seen at higher levels Failure of both indices to sustain their gains on the last trading day of the previous week also indicates that the broad range for the Nifty in coming days is likely to be 5500-5350 .
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