focus in Monday morning trade
NEW DELHI: Indian markets are expected to trade in a range on Monday following muted trend seen in other Asian markets. The key support for the index is around 6,660 levels.
Here stocks which are likely to be in focus in trade today:
Sun Pharma & Ranbaxy LaboratoriesBSE 2.27 % Ltd:
Reliance Industries Ltd:
State Bank of India:
Biocon Ltd:
Cement Stocks:
Asian Markets: Japan shares slip, others relieved by US data
SYDNEY: Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by US jobs data that hit the sweet spot for many investors -- firm enough to soothe concerns about the health of the US recovery but not so strong as to hasten the end of policy stimulus.
The immediate outlook was clouded by a momentum-driven fall on Wall Street and a rise in the yen against the dollar, which knocked the Nikkei down 1.5 per cent.
Surge in foreign exchange reserves suggests rupee may not come under pressure
MUMBAI: India's foreign exchange reserves have swelled over the past few months, contributing to a 40 per cent growth in import cover, and raising hopes that the rupee will not come under pressure even if there is a reversal of flows.
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