Firm Markets, After US Markets Show Strength
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Markets in India opened firm supported by gains in the US markets and a rebound in other Asian markets. Domestic market cues will continue to focus on company earnings announcements from smaller companies. Past earnings seasons have not been as disappointing as initially expected with no major losses reported so far. Positive data from Arcelor Mittal's steel sales in Europe boosted sentiment for TATASTEEL and its stock in anticipation of favorable results next week.
Firm Markets, After US Markets Show Strength
- 1. Firm Markets, After US Markets Show Strength Markets opened firm, given the strength from the US markets and the rebound of sorts in the rest of the Asian markets as well. Domestic cues continue to be predicated around the earnings announcements and its turn of the smaller cos to share their numbers with the street. Till now, there have been no howlers and its quite likely this earnings season too will end up proving to be less disappointing than what most people made it look like! Data from Europe on
- 2. steel sales by Arcelor Mittal has buoyed the mood locally for TATASTEELs performance going forward and the stock has been a key gainer on the indices, in anticipation of some favourable announcements on Tuesday next week. Catch Financial Adviser Sachin Karpe @ https://www.facebook.com/FinancialAdviser.SachinKarpe For regular financial and investment updates check his blog : http://sachinkarpe.blogspot.in/ Follow Sachin Karpe @ https://twitter.com/Karpe_Sachin