Bank shares will likely be in focus after the Lok Sabha passed the Bankruptcy Bill and the Reserve Bank of India publishing the draft guidelines that would allow for on-tap bank licensing. Analysts said the two developments (the bill is yet to pass through the Rajya Sabha) will boost banks' recovery process and create a new generation of lenders.The full effect will be seen once the job data from the US market is out, hence buying late in the day or at the lowest point seems to be a good idea.
Markets would be guided by earnings result coming out today: companies such as Siemens, Titan and Wockhardt are due to declare results. Hero Moto will react today after it posted numbers after market close yesterday buy on dips will be the norm. Stocks in news, ITC has shut down its cigarette factories from May 4, till such time it said would comply with the new pictorial warning norms which could be a damper on the stock. Bharti Airtel announced it would sell 950 towers across Republic of Congo to Helios Towers a positive on the stock.
Markets would be guided by earnings result coming out today: companies such as Siemens, Titan and Wockhardt are due to declare results. Hero Moto will react today after it posted numbers after market close yesterday buy on dips will be the norm. Stocks in news, ITC has shut down its cigarette factories from May 4, till such time it said would comply with the new pictorial warning norms which could be a damper on the stock. Bharti Airtel announced it would sell 950 towers across Republic of Congo to Helios Towers a positive on the stock.