Monday 29 October 2012
OUTLOOK
Back home the weekend saw a cabinet reshuffle in India with the Prime
Minister inducting 22 ministers - 7 of cabinet rank and 15 ministers of
state with two holding independent charge. UPA will hope to see some
more action with few fresh faces. Reliance could be in focus following
the change in the petroleum ministry with Veerappa Moily taking charge.
Hyderabad-based companies could see gains following better
representation this time from Andhra Pradesh in the reshuffle.
We are looking at a cautious start for the Indian indices. The market last week struggled for direction and closed below the 20 DMA. Global cues are mixed with Asian shares edging higher. US indices ended subdued.
We are looking at a cautious start for the Indian indices. The market last week struggled for direction and closed below the 20 DMA. Global cues are mixed with Asian shares edging higher. US indices ended subdued.
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