Indian Markets likely to remain rangebound - Microsec

Indian Markets is likely to remain rangebound as there is no immediate trigger for the markets to react on. However improvement in U.S. markets may have some positive impact on the Indian markets. So far the results season have been a mixed bag. Eventually the markets will look up to the budgetary session which commences from February 21,2013.

Prices of Non–ferrous metals remain firm during the week, hence we expect some kind of buying in the metal space. Hike in diesel prices may keep the oil & gas sector in the limelight.

Corporate earnings scheduled next week may induce stock specific volatility. Important results during the week are ACC, Ambuja, Apollo Tyres, and others. BUY ICICI Bank, Hindalco, Sterlite and in the midcap space NBCC, ILFS, Indian Bank, Pidilite Industries for both investment purpose.

Source : Equity Bulls

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