Indian equities might open marginally higher on Monday moring as rest of the Asian markets trade higher. Investors eye RBI meeting on Jan 25th as expectations of a higher rate hike build up.
News Bytes
* RBI may hike rates 25 bps to tame inflation
* R-Power to save Rs 6,500 cr on funding Sasan project
* Natco may seek compulsory licence for Bayer's cancer drug
* SAIL decision on FPO likely by next month
* GACL partners with German firm for HPPO project
* Oil India, IOC to give up oil blocks in Libya
* SBI beats Street estimate; net profit up 14% at Rs 2,828 cr
Markets - Range bound
With expiry on thursday and a holiday on the 26th, we believe choppy trade will be the name of the game going ahead. Volatility might mar trading tomorrow as RBI will decide on the interest rates.
State Bank delivered good numbers on saturday. Overall Corporate India's Q3 performace is satisfactory. We picked up bullish feelers from two major FIIs Goldman Sachs and JP Morgan. Let us see what is in store soon