MARKET EYE WEEK AHEAD - Trading seen cautious; earnings awaited

REUTERS - Trading is expected to remain cautious next week as a sudden slump in share price of Tata Motors and Ultratech Cement in late market hours on Friday would make investors take cautious bets.

Shares are expected to trade in a narrow range as sentiment remains muted after the central bank's comments on Tuesday and as traders watch out for earnings of auto major Mahindra & Mahindra and cement companies including ACC .

Market participants will watch for any announcement from the government about the upcoming budget.

India's plan to raise about $2 billion through a stake sale in power producer NTPC Ltd will likely take place on February 7, according to sources.

Events to watch:

Monday: Bank of Baroda , United Sprits

Tuesday: UCO Bank, Apollo Tyres, HSBC Markit services PMI

Wednesday: Cipla, Tech Mahindra

Thursday: ACC, Ambuja Cement, MRF, Aurobindo Pharma

Friday: Cadila , Hindalco, Mahindra & Mahindra, Canara Bank, Sun Pharma

Source: http://news.yahoo.com/market-eye-week-ahead-trading-seen-cautious-earnings-044857236--finance.html

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