India’s Upcoming Budget Likely to Boost Urban Consumption Via Personal Tax Cuts

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. With the earnings season underway, it is the moment of reckoning for many companies. Traders are likely to be ruthless in punishing stocks where the quarterly performance don’t justify fancy valuations. Meanwhile, futures indicate another dull start for the Nifty this morning, with regional sentiment also slightly negative.