Mkts to open higher but to be volatile till budget: Analysts | business | Hindustan Times
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Mkts to open higher but to be volatile till budget: Analysts

business Updated: Feb 14, 2010 14:05 IST

PTI
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The Dalal Street is likely to see a good opening on Monday buoyed by the record growth in the December industrial output, however, China's monetary tightening measures may dampen the otherwise positive sentiment a bit, say analysts.

Marketmen said as the world markets recovered from the Greece-credit crisis induced lows last weekend and may firm even more going ahead on hopes for a meaningful rescue package for debt-laden EU state.

"The global markets are holding on and on the back of domestic data pointing towards the country being on a high growth trajectory, the stocks might see some rally," CNI Research chairman and managing director Kishor P Ostwal said.

China tightened its monetary policy to tame inflation by hiking the bank's reserve requirements for the second time in a month on Friday, traders feel foreign funds would wait and watch before investing in emerging markets aggressively.

"Asian markets is expected to drop on Monday. Domestic stocks would open in the green and gradually look at global cues for a direction. However, a slight positive news on the domestic front can bring in a rally," SMC Global vice-president Rajesh Jain said.

The 30-share BSE Sensex rose 230.42 points on Thursday to 16,152.59, taking gains in the week to 2.3 per cent.