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INDIA MARKET WEEKAHEAD- Indian shares to trade range-bound; earnings eyed
April 25, 2014 / 12:41 PM / 3 years ago

INDIA MARKET WEEKAHEAD- Indian shares to trade range-bound; earnings eyed

* Indian shares are likely to be range-bound, retreating from a string of record highs, with caution prevailing as blue chips continue to report their January-March earnings. * Disappointment over earnings at some blue chips such as Maruti Suzuki Ltd and ICICI Bank Ltd on Friday cast a shadow over upcoming results, putting in doubt some of the bets over an economic recovery. * Hindustan Unilever Ltd and Bharti Airtel Ltd report quarterly earnings on Monday and Tuesday, respectively. * Foreign fund flows would be another key factor as overseas investors continued to buy Indian shares for the fourth straight session on Wednesday. * Investors would be cautious as markets hit record highs for the fourth straight session before closing 0.85 percent lower on Friday. KEY EVENTS/FACTORS TO WATCH Mon: Earnings: Hindustan Unilever, Idea Cellular Ltd Tues: Bharti Airtel earnings Thurs: Markets closed for public holiday Fri: India manufacturing PMI (indulal.p@thomsonreuters.com/indulal.p.thomsonreuters.com@reut ers.net)

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