Indian stocks to edge up
Monday, 31 December 2007
MUMBAI, Dec 30 (AFP): Indian share prices may edge up this week but gains could be capped by geopolitical tension after the assassination of Pakistan's former premier Benazir Bhutto, dealers said.
They said fresh buying could emerge at lower levels ahead of the third quarter earnings season early January.
For the week to December 28, the Mumbai stock exchange's benchmark 30-share Sensex index rose 5.45 per cent or 1,044.57 points to 20,206.95.
The markets saw cautious and listless trade in the last two trading days as overseas fund buying waned.
Dealers said fresh buying could improve ahead of the third- quarter earnings results from India's second largest software exporter Infosys Technologies on January 11.
The market gained 46.7 percent in the whole of 2006. Indian stock markets are open all this week.
They said fresh buying could emerge at lower levels ahead of the third quarter earnings season early January.
For the week to December 28, the Mumbai stock exchange's benchmark 30-share Sensex index rose 5.45 per cent or 1,044.57 points to 20,206.95.
The markets saw cautious and listless trade in the last two trading days as overseas fund buying waned.
Dealers said fresh buying could improve ahead of the third- quarter earnings results from India's second largest software exporter Infosys Technologies on January 11.
The market gained 46.7 percent in the whole of 2006. Indian stock markets are open all this week.