With the assembly elections in four states and one union territory over, all eyes are on the results. The real outcome will be known on Friday. Exit polls suggest a clean sweep for Trinamool-Congress combine in West Bengal. In Kerala, Assam and Tamil Nadu things are not clear though.
The start today will be quiet again but the undertone is not as bad as it was last week. FII selling seems to have abated a bit.
Robust Chinese trade data boosted the sentiment across the globe on Tuesday. The latest data shows inflation staying elevated in China last month even as industrial output slowed.
Back home, the latest IIP report will be out on Thursday. It will be a light day in terms of corporate results. ABB India, Apollo Tyres and Grasim Industries are the notable ones to watch out for.
Meanwhile, SBI has hiked BPLR and the base rate by 75 bps. It has also increased rates on shorter tenor deposits. Oil PSUs will remain in focus as the EGoM on fuel prices has been deferred till next week.
