Indian
shares are expected to remain range bound next week as investors await clarity
on monsoon and upcoming budget before taking fresh positions amid Iraq conflict
led risk aversion.
Stocks
linked to monsoon driven rural sectors such as Mahindra and Mahindra and Hero
MotoCorp, Dabur India and Hindustan Unilever, shares would be on watch.
The
monsoon has covered half of India's landmass four days behind the usual
schedule, failing to recover from a late start that has slowed sowing of summer
crops in a country where half of the farmland still lacks irrigation.
Oil
held near $115 a barrel on Friday, close to a nine-month high, and was headed
for its second weekly gain on increased risks of disruption to supply from
Iraq.
News
flow on gas pricing and power sector reforms would also be on watch.
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