We see the indices opening flat to negative with some gains coming over
the day. Yet, investors will adopt a guarded approach ahead of events
like the RBI meet next week. A couple of major results will be announced
today. Asian indices are moving in and out of positive zone as earnings of
companies like Yamaha have disappointed. US stocks gained modestly.
Corporate earnings have not improved sentiment but economic data has
been encouraging. In the US, first-time claims for unemployment benefits
fell to 369,000 which was better than expected.
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