In a world where superstition still has a place and explanations are sought for every sentiment, a harmless date can often take care of subdued feeling. The US markets ended lower and the start may be weak for the Indian markets. Telecom consolidation is on with Tata Tele agreeing to sell its wireless mobile business to Bharti Airtel.
Reliance results will be in focus; Jio numbers will attract attention. On the macro front there are some encouraging headlines with Retail inflation cooling and factory output registering 4.3pc growth in August. The General Insurance Corporation IPO saw a healthy subscription on Day 2. During the last one year, 30 IPOs have raised Rs. 46,000 crore.
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