Today,Indian markets have several events to watch out for, which could keep indices volatile at least in the near term. Though, globally things are looking fine. CRR hike, although widely expected could have an impact today on the markets.
Also, FIIs now have another tool in their kitty ofshort selling, which becomes effective today. So, traders should stay on the sidelines and wait for things to settle down. Index heavyweight RIL is also expected to announce its quarterly numbers. Our analyst expects a 46.3% growth yoy in revenues and 33.3% growth yoy in PAT.
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