Markets Outlook - Teena Virmani, Vice President - Research at Kotak Securities Ltd

"Markets will continue to focus on the upcoming election schedule coupled with earnings, yield movement and crude prices in the coming weeks. Hardening of yields - both globally and domestically may have a negative impact on markets. Yields have moved up recently after RBI released the minutes of April monetary policy meeting stating upside risks to inflation which may come from MSP increases, crude price increase and resulting fiscal slippage. Rising oil prices also pose a threat to the fiscal and current account deficit estimates of the government. Oil price direction will also be determined by OPEC output cuts and US decision on re-introduction of sanctions on Iran by May, 12".

Source : Equity Bulls

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