Week Ahead Shares are expected to remain under pressure after - TopicsExpress

Week Ahead Shares are expected to remain under pressure after falling for eight consecutive sessions. Positive US monthly jobs data out on Friday, may provide cues about when the Federal Reserve would start to taper down its monetary stimulus, and will likely determine market direction at the start of the week. Blue chips such as Tata Motors , Ranbaxy Laboratories and Jet Airways are expected to post results next week. Bond yields and rupee movements will be closely watched as investors wait for a signal from the RBI on how long it expects to stick with its liquidity tightening measures. The rupee fell to a record closing low of 61.10 and is within sight of an all-time low of 61.21 hit on July 8.

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