INDIAN MARKET OUTLOOK - 01 OCTOBER 2013

INDIAN BENCHMARKS Indian shares are likely to open marginally higher after June quarter current account deficit was in line with estimates and tracking gains in most Asian markets.

FUTHER, Infosys, India’s second largest IT services company is understood to have bagged a large IT outsourcing contract from Royal Bank of Scotland (RBS) to develop the banking system for Williams & Glyn's Bank. The government has allowed airport operators GMR and GVK to bid for the six airports to be awarded in the second phase of airport privatization.

Trend in FII flows: The FIIs were net buyers of Rs. 2147.39cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 983.20cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 30 SEPTEMBER 2013

INDIAN BENCHMARKS extended loss on account of CAD data.

INDIAN EQUITY BENCHMARKS continue to trade lower in noon deals on account of weak global cues and fears of a widening April-June current account deficit locally. The one leading the losses include heavyweights like ICICI Bank, ITC, L&T, ONGC and HDFC Bank. On the sectoral front, except IT index which was up 0.5%, all the other indices were in the red.

Further, Shares in steel companies fall on concerns that a lower-than-expected reading of China's PMI by HSBC may weigh on the short-term prospect, dealers. Tata Steel Ltd slumps 6 percent, Steel Authority of India Ltd falls 2.9 percent, while JSW Steel Ltd is down 0.9 percent.
                                                                                                
The crucial resistance for Nifty is now seen at 5815 and above this 5932. Support for the immediate term is now placed at 5665 and next support will be 5565.

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INDIAN MARKET OUTLOOK - 30 SEPTEMBER 2013

INDIAN BENCHMARKS are expected to open on a negative note tracking similar trend in Asian bourses. The government will announce the June quarter current account and fiscal deficit data today, which will set the tone for stocks in the days ahead.

FUTHER, Automobile shares are likely to be in focus, with companies set to announce their September sales figures this week. Bank of India plans to mobilize about $1 billion through foreign currency non-resident-bank deposits from Indians residing abroad.

Trend in FII flows: The FIIs were net buyers of Rs 1787cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1056cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 27 SEPTEMBER 2013

INDIAN BENCHMARKS end lower amid volatility

INDIAN EQUITY BENCHMARK on a negative note led by declines in bank shares as RBI chief Raghuram Rajan's comments on inflation being still high, were seen weighing on market sentiment. Markets also tarcked financials as investors adopted a cautious stance ahead of the June-quarter current account deficit.

Further, BPCL and Videocon gained after a drilling campaign off Brazil showed that an area controlled by Petrobras and the Indian companies likely holds more than a billion barrels of oil. Bharti Airtel lost on reports that Department of Telecommunication is likely to impose an additional penalty of Rs 204 crore for offering 3G services in seven service areas.

The crucial resistance for Nifty is now seen at 5945 and above this 6015. Support for the immediate term is now placed at 5865 and next support will be 5820.

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INDIAN MARKET OUTLOOK - 27 SEPTEMBER 2013

INDIAN BENCHMARKS after closing the September series as the best so far in 2013, where the Nifty rallied 9 percent, the October series is likely to open on a flat to positive note.

FUTHER, Adani Enterprises will be under pressure as Australia's new government has ordered major coal and coal seam gas projects to seek national environmental approval. Pharma firms Lupin, Ranbaxy under see a negative start after US-based Forest Laboratories Inc and Forest laboratories Holding along with Royalty Pharma filed lawsuits against several firms including Lupin and Ranbaxy for infringement of patents related to Savella.

Trend in FII flows: The FIIs were net buyers of Rs. 3432.45cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1540.20cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 26 SEPTEMBER 2013

INDIAN BENCHMARKS extended gains in the afternoon session.

INDIAN EQUITY BENCHMARKS extended gains in the afternoon session on back of buying witnessed in financial shares after the central bank raised overseas borrowing limits for lenders in a bid to prop up growth and boost the rupee. The rupee gained some ground after the slew of reforms announced by the central bank.

Further, Hindustan Oil Exploration Co Ltd gained 5 percent after it said the ministry of petroleum and natural gas approved commerciality of a hydrocarbon discovery. Reliance Communications shares rose 2.7 %after the company said it has appointed a new CEO for its India enterprise.

                                                                                                

The crucial resistance for Nifty is now seen at 5985 and above this 6015. Support for the immediate term is now placed at 5915 and next support will be 5870.

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INDIAN MARKET OUTLOOK - 26 SEPTEMBER 2013

INDIAN BENCHMARKS are likely to be highly volatile ahead of today's F&O expiry. Banks will continue to remain in focus.. Telecom stocks may be under pressure ahead of the spectrum auction.

FUTHER, ONGC will likely see an uptick, as the company would drill about four wells this year in Cambay basin in tie up with ConocoPhillips, with an investment of about Rs 200 crore. Aviation stocks may continue to remain under spotlight.

Trend in FII flows: The FIIs were net buyers of Rs 3365cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1245cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 25 SEPTEMBER 2013

INDIAN BENCHMARKS ended red.

INDIAN EQUITY BENCHMARKS ends in red, as global investor sentiments remained edgy on concerns over political dysfunction in US as well as led by declines in blue chip shares including Reliance Industries on caution ahead of equity derivatives expiry. Reliance Industries Ltd provisionally fell 3.2 percent while ITC Ltd ended 1.2 percent lower.

Further, Banking shares continue under pressure on fourth day in a row, expect SBI, all remaining eleven banks from the Bank Nifty are trading lower by up to 4% on NSE. Shares of Financial Technologies plunged after its auditor withdrew the audit report saying that the company's standalone and consolidated results are not to be relied upon.
                                                                                                
The crucial resistance for Nifty is now seen at 5925 and above this 5965. Support for the immediate term is now placed at 5820 and next support will be 5770.

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INDIAN MARKET OUTLOOK - 25 SEPTEMBER 2013

INDIAN BENCHMARKS is expected to open soft following muted Asian markets. The overall trend will remain weak due to lack of positive triggers in the near term, while the expiry of equity derivatives contracts on Thursday is expected to increase the volatility.

FUTHER, Hexaware Technologies Ltd approved one of the biggest deals in the Indian IT space, fair trade watchdog CCI has cleared Baring Private Equity's proposed acquisition of controlling stake in outsourcing firm Hexaware Technologies, saying the transaction will not adversely impact competition.

Trend in FII flows: The FIIs were net buyers of Rs. 3122.21cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1530.04cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 24 SEPTEMBER 2013

INDIAN BENCHMARKS end flat amid volatility

INDIAN EQUITY BENCHMARK ended with mild gains, reversing a two-day losing streak, on value buying in beaten down rate-sensitive shares. The overall trend remained weak due to lack of positive triggers in the near term, while the expiry of equity derivatives contracts in this week was expected to increase the volatility. Gains in auto shares helped offset losses in IT majors. 

Further, Glenmark Pharmaceuticals Ltd rose 1.5 percent after the U.S. Food and Drug Administration approved a key drug for the company. Bharti Airtel ended down 1.5% despite easing competition in the Indian wireless market, Bharti’s revenue market share trends continue to be choppy.

The crucial resistance for Nifty is now seen at 5965 and above this 6015. Support for the immediate term is now placed at 5875 and next support will be 5810.

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INDIAN MARKET OUTLOOK - 24 SEPTEMBER 2013

INDIAN BENCHMARKS post the initial gap down move, witnessed profit taking yesterday. Banking, realty and infra stocks continued to witness profit taking while the technology pack managed to close in the positive territory. Today markets are likely to see a soft start on account of weak global cues on fears that the Fed could still begin scaling back its stimulus later this year.

FUTHER, MTNL may add on some gains on reports that BSNL and MTNL are likely to sign a pact that would allow the state-run companies to utilize each other’s network for providing pan-India mobile services. SBI may remain under pressure after Moody’s downgraded its rating for SBI's senior unsecured debt and local currency deposit from Baa2 to Baa3 due to increasing pressures on credit from the economic slowdown. 

Trend in FII flows: The FIIs were net buyers of Rs. 2779.44cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1567.93cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 23 SEPTEMBER 2013

INDIAN BENCHMARKS fell again ahead of RBI Policy.

INDIAN EQUITY BENCHMARK cracked over 2% at the start of the expiry week heading for a second consecutive day of declines, on continued selling in rate-sensitive shares especially banks such as State Bank of India after RBI Governor Raghuram Rajan surprised markets in his maiden policy review on Friday by raising interest rates to ward off rising inflation. 

Further, Defensive sector indices including consumer durables, healthcare and export oriented IT gained as cyclical indices of banks, capital goods and realty stocks take a beating. Shares in Indian steel companies like SAIL, Tata Steel gained after a closely-watched measure of Chinese manufacturing hit its highest in six months.

The crucial resistance for Nifty is now seen at 5965 and above this 6015. Support for the immediate term is now placed at 5885 and next support will be 5810.

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INDIAN MARKET OUTLOOK - 23 SEPTEMBER 2013

INDIAN BENCHMARKS is likely to take a breather after a roller-coaster week of surprise central bank announcements. Analysts expect a week of consolidation, with the broader markets moving in a range of one to two per cent. The rupee is expected to weaken this week owing to month-end dollar demand from importers and bond yields could rise further as the impact of the 25 basis points increase in the repo rate will linger. 

FUTHER, BPCL may be under pressure as South Korean major LG Chemicals has backed out of the Rs 5,000 crore petrochemicals project which was being planned in Kochi. State-owned steel maker SAIL may react to its plan to invest around Rs 800 crore to develop Bhilwara iron ore mine in Rajasthan. 

Trend in FII flows: The FIIs were net buyers of Rs. 5476.38cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1870.82cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 20 SEPTEMBER 2013

INDIAN BENCHMARKS end lower as RBI disappoints

INDIAN EQUITY BENCHMARK slumped wiping off most of previous day gains after the RBI stunned the market by hiking repo rate by 25 basis points to 7.5% citing inflationary pressures. Rate sensitive were the most affected as Realty index tanked 7% and the banking index was down 5% on concerns that margins would further come under pressure on account of high borrowing.

Further, the only gainers among the benchmark shares were Wipro, Sun Pharma and Gail India adding 1-1.5%. Dr Reddy's Laboratories hits a record high, the Pharma stock has gained 8% in past three days after the company secured the approval of USFDA.

The crucial resistance for Nifty is now seen at 6065 and above this 6155. Support for the immediate term is now placed at 5950 and next support will be 5880.

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INDIAN MARKET OUTLOOK - 20 SEPTEMBER 2013

INDIAN BENCHMARKS marking its highest close in nearly three years yesterday, rose by 684 points and closed at 20,647, led by banks, after the US Federal Reserve surprised the markets by sticking to its stimulus plan. Today market may open flat to negative lower as investors seem to be cautious ahead of the RBI monetary policy review to be announced. 

FUTHER, Ranbaxy Laboratories is likely to strike down on reports that the company’s manufacturing facility in United State (US) is under surveillance of the US Food and Drug Administration (FDA). 

Trend in FII flows: The FIIs were net buyers of Rs. 7118.16cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 3154.55r, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 19 SEPTEMBER 2013

INDIAN BENCHMARKS cheered the US Federal Reserve’s decision on bond purchases

INDIAN EQUITY BENCHMARK surged over 3% highest close in nearly 3 yrs, led by banks after the U.S. Fed Reserve surprised the markets by sticking to its stimulus plans. Rate sensitive indices such as automobiles, real estate, infrastructure and banking have rallied up to 17% on hopes that the RBI may roll back its tightening measures taken in order to contain the forex volatility in its monetary policy review.

Further, Bank stocks were the star performers of the day, on hopes that the RBI would ease some of the liquidity curbs it had placed in July to protect the rupee. Bharti Airtel has rallied over 5% on reports that Singapore Tel Ltd pledges support to lead a consolidation drive of the local telecoms industry.

The crucial resistance for Nifty is now seen at 6175 and above this 6240. Support for the immediate term is now placed at 6080 and next support will be 6030.

News to watch:

• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT.

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Nifty Futures Outlook - 19 September 2013

Nifty future gain nearly 1 percent ahead of conclusion of U.S Federal Reserve meeting later in the day. Nifty futures close at 5941 with a high of 5945. Nifty for next trading session would have the resistance of 5980 if it breaks this level than having the next resistance of 6030 and in down side having the support of 5820 if it breaks this level than having the next support of 5865.

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INDIAN MARKET OUTLOOK - 19 SEPTEMBER 2013

INDIAN BENCHMARKS gained momentum towards close on Wednesday led by gains seen in realty, banking and FMCG stocks. Today market is likely to see a gap up opening after the Federal Reserve stunned markets and decided not to taper its asset-buying program. Also, the Rupee is likely to strengthen from levels of Rs 63.38. 

FUTHER, JK Lakshmi too may see some price action as the cement player is set to hike cement price by Rs 10-15 per bag to tide over the hike in diesel and fuel prices.

Trend in FII flows: The FIIs were net buyers of Rs. 2476.35cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1189.23cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 18 SEPTEMBER 2013

INDIAN BENCHMARKS ended flat ahead of Fed meet, RBI policy

INDIAN EQUITY BENCHMARK rose nearly 1% after an extremely volatile session to mark their second consecutive day of gains on continued foreign investment inflows while stocks perceived as defensive gained ahead of the conclusion of the U.S. Federal Reserve meeting. All the key sectoral indices gained with realty, banks, FMCG, consumer durables, oil & gas, healthcare indices leading the gains.

Further, Coal India Ltd surged above percent on expectations of positive announcements from its annual shareholders meeting. Dr Reddy’s Laboratories added 3%, extending its previous day’s nearly 4% rally, after the company secured the approval of USFDA to launch injectible medicine azacitidine.

The crucial resistance for Nifty is now seen at 5980 and above this 6030. Support for the immediate term is now placed at 5865 and next support will be 5820.

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Nifty Futures Outlook - 18 September 2013

Nifty future continuous its consolidation phase and ended on a flate note ahead of outcome of two days FOMC meet ending September 18 and RBI policy announcement on Sep 20. Nifty futures close at 5883 with a high of 5888. Nifty for next trading session would have the resistance of 5905 if it breaks this level than having the next resistance of 5950 and in down side having the support of 5845 if it breaks this level than having the next support of 5810.

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INDIAN MARKET OUTLOOK - 18 SEPTEMBER 2013

INDIAN BENCHMARKS rose yesterday led by gains in technology shares that were aided by a weak rupee and attractive short-term valuations due to the recent underperformance of the sector. Today market is likely to see a cautious day of trade, mirroring global sentiment which has been tepid. Investors will be counting on the Federal Reserve to launch only a modest scaling back of stimulus later in the day. Investor’s eye will also be on India’s Finance Minister P. Chidambaram speech at a conference, organized by ICRIER.

FUTHER, Tata Motors is likely to see an uptick after rating agency Moody's upgraded Jaguar Land Rover Automotive corporate rating from 'Ba3' to 'Ba2' on strong and fairly stable credit profile.

Trend in FII flows: The FIIs were net buyers of Rs. 2345.89cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 978.62cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 17 SEPTEMBER 2013

INDIAN BENCHMARKS ended flat ahead of Fed meet, RBI policy

INDIAN EQUITY BENCHMARK ended flat amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet and Reserve Bank of India's monetary policy later this week. IT index tracked depreciation in rupee and was the top gainer among the sectoral indices up followed by Metal, Auto and FMCG indices. However, Realty, Power, Bank and Consumer Durables shares ended down.

Further, Dr Reddy's gained 4% after the company said it has received an approval from the US FDA for its Azacitidine for injection 100 mg/vial. unit in Mohali.  Sesa Goa ended 1.8% up, bouncing back nearly 6% from intra-day low ahead of Supreme Court (SC) hearing on Goa mining.

The crucial resistance for Nifty is now seen at 5905 and above this 5950. Support for the immediate term is now placed at 5845 and next support will be 5810.

News to watch:

• Watch out for the RBI policy on 18 SEPT.

• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT. 

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Nifty Futures Outlook - 17 September 2013

Nifty future remains volatile and ended on a flate note on Friday ahead of macro events in the week ahead. Nifty future is likely to remain in range of 5600 to 6000 in this week. Nifty futures close at 5876 with a high of 5908. Nifty for next trading session would have the resistance of 5910 if it breaks this level than having the next resistance of 5955 and in down side having the support of 5820 if it breaks this level than having the next support of 5770.

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INDIAN MARKET OUTLOOK - 17 SEPTEMBER 2013

INDIAN BENCHMARKS are likely to open soft following muted trend in other Asian markets ahead of the U.S. Federal Reserve's two-day policy meeting and RBI monetary policy. It difficult for the market to open on a positive note after ending flat yesterday erasing early gains as sentiments got dampened on worries the disappointing WPI inflation is likely to make the central bank’s job of balancing growth and inflation. 

FUTHER,   Pharma stocks may be under pressure as US FDA tightens regulatory noose on Indian drug firms. Some moment is expected in stocks of Reliance Industries ahead of latest D-55 gas discovery, two-kilometers below the currently producing fields in the eastern offshore KG-D6 block, may span about 60 square kilometers. 

Trend in FII flows: The FIIs were net buyers of Rs. 2829.31cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 1457.48cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 16 SEPTEMBER 2013

INDIAN BENCHMARKS ended flat ahead of WPI Data.

INDIAN EQUITY BENCHMARK ended flat after rising on a strong note markets but gave up all those gains later as August WPI inflation jumped too 6-month high of 6.1%  in August against 5.79 in July. Sectoral indices FMCG, auto and banks held the market high while IT, realty, healthcare, oil & gas and metal indices dropped.

Further, Ranbaxy lost 30% to touch its lowest level since June 25 at Rs 297 on reports that the US FDA has issued an import alert on the company’s unit in Mohali. UltraTech Cement extends fall by 4% at Rs 1,655, extending nearly 2% fall on Friday, after its board approved acquisition of the cement unit of JCCL for Rs 3,800 crore. 

The crucial resistance for Nifty is now seen at 5905 and above this 5980. Support for the immediate term is now placed at 5810 and next support will be 5770.

News to watch:

• Watch out for the RBI policy on 18 SEPT.

• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT.

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Nifty Futures Outlook - 16 September 2013

Nifty future remains volatile and ended on a flate note on Friday ahead of macro events in the week ahead. Nifty future is likely to remain in range of 5600 to 6000 in this week. Nifty futures close at 5876 with a high of 5908. Nifty for next trading session would have the resistance of 5910 if it breaks this level than having the next resistance of 5955 and in down side having the support of 5820 if it breaks this level than having the next support of 5770.

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INDIAN MARKET OUTLOOK - 16 SEPTEMBER 2013

INDIAN BENCHMARKS are expected to open on a positive note after a consolidated week tracking gains in the Asian shares while traders will keep a close eye on inflation data for the month of August which will be out later today.

FUTHER, stocks in focus today will be State bank of India, the country's largest lender has paid Rs 1,120 crore in advance tax for the second quarter as against Rs 1,820 crore in the corresponding period last year, down nearly 40 per cent and Indian energy firms like Reliance Industries, Cairn India and Essar Oil have put shale oil and gas exploration and marketing on their priority list, encouraged with forecasts that the shale boom in North America will dislodge OPEC's hegemony over global energy trade.

Trend in FII flows: The FIIs were net buyers of Rs. 2688.62cr in the cash segment while the domestic institutional investors (DIIs) were net sellers of Rs. 896.29cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 12 SEPTEMBER 2013

INDIAN BENCHMARKS ended flat ahead of economic cues.

INDIAN EQUITY BENCHMARK ended on a flat note as blue chip shares including ITC declined after the PM’s economic panel said it would be a challenge for the government to meet its fiscal deficit. On the sectoral front FMCG, Tech and IT were in the red and the ones in the green were the Power, Realty and Capital Goods. IIP rose 2.6% above expectations, led by a jump in 2 of the most volatile components of capital goods.  

Further, Power stocks were also in bull grip with the Tata Power rising 2% as Central Electricity Regulatory Commission is likely to decide compensatory tariff rate. ITC Ltd fell as traders lighten positions ahead of WPI data on Monday and the U.S. Federal Reserve's decision on stimulus tapering, as well as RBI policy review later in the next week.                   

The crucial resistance for Nifty is now seen at 5910 and above this 5955. Support for the immediate term is now placed at 5820 and next support will be 5770.

News to watch:
• Watch out for the WPI numbers on 16 SEPT.
• Watch out for the RBI policy on 18 SEPT.
• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT.

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Nifty Futures Outlook - 13 September 2013

Nifty future fall on profit taking after five day’s rally on the back of strong foreign flows. Nifty futures close at 5867 with a high of 5955. Nifty for next trading session would have the resistance of 5955 if it breaks this level than having the next resistance of 5995 and in down side having the support of 5770 if it breaks this level than having the next support of 5825.

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INDIAN MARKET OUTLOOK - 13 SEPTEMBER 2013

INDIAN BENCHMARKS may continue to struggle on account of weak global cues as investors fretted as to how much the US Federal Reserve will cut its monthly stimulus at next week's monetary meeting, However, the negative sentiment may be contained as India's industrial production unexpectedly rebounded in July while consumer inflation cooled last month, offering some relief for policymakers who have been battling the country's worst economic crisis.

FUTHER, Adani, Tata Power and power distribution companies will be in focus today. The CERC has asked discoms to submit views on Deepak Parekh report by tomorrow. Financial Technologies may be in focus once again, the enforcement directorate has submitted its report to the finance ministry on the NSEL crisis. The report alleges financial irregularities in NSEL. Mumbai police has also confirmed that NSEL cheated investors. The government's working group that was probing the NSEL mess has found instance of money laundering.

Trend in FII flows: The FIIs were net buyers of Rs 3764.75cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1460.97cr, as per the provisional figures released by the NSE.

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INDIAN MARKET WRAP UP - 12 SEPTEMBER 2013

INDIAN BENCHMARKS edged higher on FIIs inflows.

INDIAN EQUITY BENCHMARK closed the trading session on a lower note amid weakness in rupee against dollar, after gaining nearly 10 percent in a five-day winning streak on the back of strong foreign flows. Mid and small cap stocks performed moderately while Banking, tech, metal and auto stocks stood leading the fall. The market also took cues from IIP and inflation data in the near term for direction.

Further, Financial Technologies has gained around 20% in otherwise weak markets amidst expectations that the group may get some relief from the speculated sale of NK Proteins. IDFC surge 6% after RBI lifted restrictions placed on foreign investors purchasing shares of the company as their shareholding in IDFC fell below the prescribed limit.                                                                                              

The crucial resistance for Nifty is now seen at 5955 and above this 5995. Support for the immediate term is now placed at 5825 and next support will be 5770.

 News to watch:

• Watch out for the IIP and CPI numbers on 12 SEPT.

• Watch out for the RBI policy on 18 SEPT.

• Watch out for the MONITORY POLICY STATEMENT on 20 SEPT.

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