Markets this week would be guided by the ongoing quarterly earnings, macroeconomic data announcement and global trends, analysts said. The government will release industrial production data for June and inflation data for July this week. The RBI has revised its retail inflation forecast to 5.7 per cent, up from the earlier 5.1 per cent due to price pressure on account of supply constraints and high crude oil prices.
Young MPs show interest in joining Territorial Army
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
Two projects in Iran, which India is to execute involving major financial commitments on its part, are of particular significance for Indian steel.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.