A host of worries are surfacing in the market. While the air quality in Delhi is set to start improving, the market outlook remains foggy. A flat start is in store. High crude oil prices and a generally weak domestic sentiment led to heavy selling on Monday. India’s retail inflation increased to a 7-month high of 3.58 pc in October. Investors worry that these developments may result in RBI avoiding a rate cut for a while.
US markets closed higher while Asia remains undecided. The October Wholesale price Inflation Data is expected later today. Almost a thousand companies will announce their quarterly numbers. These include Sun Pharma, GAIL India, Grasim, Bank of Baroda, Eicher Motors and Tata Global. Khadim India will get listed on the bourses today.
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