The next few sessions will see the key Indian stock indices react to IIP and inflation data apart from the Infosys results. Market participants are also cautious ahead of next week’s RBI policy meeting. External cues will also continue to play a role in driving the sentiment in the near-term. For India, the biggest concern is the continued uncertainty over the proposed GAAR provisions. FII inflows have turned negative. In fact, even trading volume has taken a hit this month. The ball is in the Government`s court to clear the air surrounding this thorny issue and restore investor confidence.
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