Indian Stocks open lower tracking weak Asian cues - ICICI Bank : Treasury Research

Indian stocks markets opened lower tracking weak cues from Asian peers. Trade in today's session is expected to be volatile ahead of the expiry of the July derivatives contract due tomorrow. Focus is likely to be on the Q1 FY2014 earnings results of companies like Yes Bank, Dabur India and Hero Motocorp.

Also, bank shares might come under pressure on account of the stringent measures announced by the RBI post market hours yesterday to curb liquidity, in a bid to control volatility in the Rupee. Meanwhile, Indian stocks yesterday closed higher aided by value-buying in select stocks.

Technically, Sensex is expected to trade ranged between 20400-20650.

Source : Equity Bulls

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