Indian stocks open in red - ICICI Bank : Treasury Research

Indian stocks markets opened in the red amidst selling pressure on profit booking after the firm gains in the last two trading sessions. However, capital inflows on account of expectations of reform measures by the Government in coming days are expected to provide support.

There is also likely to be some caution in the market ahead of start of Q1 FY2014 earnings season releases. Focus today would be on the June PMI services data. Technically, Sensex is expected to trade ranged between 19000-19700.

Source : Equity Bulls

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