10:38
MCX Tips
After registering gains for the sixth consecutive week, Indian indices are expected to see some correction this week with investors taking home profits, say analysts.
"Stock market is due for a correction. This week is trend a decider as we will be watching whether traders roll short position to March or not.
Markets are expected to open lower on Monday taking cues from overseas bourses, including the US stock market, which closed with losses on Friday.
This week, focus is likely to remain on third-quarter earnings. Among blue-chip companies, Coal India, SBI, Tata Motors and Cipla will declare their December quarter results.
On the macro front, release of monthly inflation data for January, scheduled for February 14, is eagerly awaited.
Globally, the outcome of ongoing negotiations on Greece bailout package will be keenly watched.
Foreign Institutional Investors (FIIs), the main market driver in the recent strong rally since start of the current calender year, bought shares worth Rs 3,892.52 crore during the week, including the provisional figure of February 10.
The BSE benchmark Sensex continued has surged over 14% so far this year.
"Stock market is due for a correction. This week is trend a decider as we will be watching whether traders roll short position to March or not.
Markets are expected to open lower on Monday taking cues from overseas bourses, including the US stock market, which closed with losses on Friday.
This week, focus is likely to remain on third-quarter earnings. Among blue-chip companies, Coal India, SBI, Tata Motors and Cipla will declare their December quarter results.
On the macro front, release of monthly inflation data for January, scheduled for February 14, is eagerly awaited.
Globally, the outcome of ongoing negotiations on Greece bailout package will be keenly watched.
Foreign Institutional Investors (FIIs), the main market driver in the recent strong rally since start of the current calender year, bought shares worth Rs 3,892.52 crore during the week, including the provisional figure of February 10.
The BSE benchmark Sensex continued has surged over 14% so far this year.
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