We expect a subdued opening in the Indian markets today...

[RaahiShah]

We expect a subdued opening in the Indian markets today.

It is almost certain that India is going to have a drought this year. In fact, even the US is in the midst of a drought and Europe too is facing unusual weather. So, food prices are likely to rise going ahead – almost ruling out rate cuts for the time being. The RBI is due to review its policy on July 31. The RBI policy, action on pending reforms and corporate earnings will drive the sentiment in the near term. Globally, things remain shaky due to mounting worries over the deteriorating fiscal conditions across the eurozone.

Key Results Today: Biocon, GTL Infra, Gujarat Industries Power Company, HCL Tech, Indiabulls Real Estate, Jay Shree Tea, JSW Ispat Steel, Jubilant FoodWorks, Kirloskar Inds, MRF, NIIT, Novartis India, Power Grid Corp, Raymond, SANOFI, SRF, Tata Teleservices, Vardhman Textiles, Vijaya Bank, Yes Bank.
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