Markets opened firm, given the strength from the US markets and the rebound of sorts in the rest of the Asian markets as well. Domestic cues continue to be predicated around the earnings announcements and its turn of the smaller co’s to share their numbers with the street. Till now, there have been no howlers and its quite likely this earnings season too will end up proving to be less disappointing than what most people made it look like! Data from Europe on steel sales by Arcelor Mittal has buoyed the mood locally for TATASTEEL’s performance going forward and the stock has been a key gainer on the indices, in anticipation of some favourable announcements on Tuesday next week.
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