Microsec:Indian mkt is likely to remain lacklustre on fewer days - TopicsExpress

Microsec:Indian mkt is likely to remain lacklustre on fewer days of trading this week. However, sector and stock specific activity may dominate as S&P upgrade India credit rating and also stock specifix rating in Banking and others. Baning stocks may attract long term fund based buying on the S&P upgrade. SBI, PNB, BOB may remain positive, besides others. Tomorrow RBI is expected to keep interest rates unchanged at its policy announcement meeting. PMI data and Auto production data will give further direction to markets. PM Modis take from US visit, esp his address at Madison Square, reflects Indias growing prominence in foreign countries. Long term prospects of Indian Tourism esp hotels looks bright, besides the overall economy.refer to morning note for news and event details.

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