securebank.in/ 9:06 PM: The Indian stock market is headed for a positive start on Friday, as traders are likely to shrug off weak global cues and continue to indulge in buying after RBIs surprise rate cut announcement. A notable drop in trade deficit is likely to further aid sentiment.Data showing some heavy buying by foreign investors on Thursday is a strong trigger as well.Concerns about the outlook for the global economy and weakness in global markets may force a section of investors to tread cautiously at higher levels.Reliance Industries, Axis Bank and Wipro will be in focus ahead of results. Tata Consultancy Services reported a modest 5.1% increase in net profit for the quarter ended December 2014, compared to the same quarter last financial year.
Posted on: Fri, 16 Jan 2015 03:45:04 +0000
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