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Markets likely to bounce back; earnings to drive shares

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Reuters

REUTERS - Indian shares are likely to bounce from a near four-month closing low.

Corporate earnings will continue to act as major trigger for the markets.

Heavyweights such as Hindustan Unilever expected to announce earnings.

However, caution prevails as investors especially foreign institutions are looking for clarity on tax related issues

The Nifty is expected to trade between 8,100 and 8,500 in the coming week.

KEY FACTORS/EVENTS TO WATCH

Monday: India Manufacturing PMI

Tues: Earnings of Century Textile , Kotak Mahindra Bank

Thurs: Hero MotoCorp

Friday: Hindustan Unilever , Punjab National Bank results

(indulal.p@thomsonreuters.com)

 

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First Published: Apr 30 2015 | 5:04 PM IST

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