Market to stay cautious ahead of govt meet on fuel prices
The stock market may witness continued buying, but the overall mood will remain cautious as the government may decide on raising fuel prices this week, say experts.
“We expect continued buying in the market after the end of the fourth quarter results. The most positive factor is the progress of monsoon is on schedule. However, given that confidence levels are still low, a keenly awaited event will be the government meeting on June 9 for changes in oil and gas prices,” said Motilal Oswal Securities’ senior analyst Parag Doctor.
Analysts said the government decision on raising fuel prices could act as a hindrance to market movement. Further, a host of other factors can influence the sentiment in the near future. For more visit: Business Standard
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