Mixed sentiments expected next week

Mumbai, Aug 6 (UNI) International credit ratings agency Fitch Ratings' upgradation of the Indian Sovereign ratings to the investment grade will go a long way in sustaining the investors confidence in the Indian market.

Buoyed by the rating, foreign institutional investments are expected to flow into the markets next week.

Experts feel that the coming week will witness a mixed trend on the bourses under the influence of various factors.

Amongst these factors are the recent government directive to the banks against hiking the Prime Lending Rates (PLR) as a response to the hike in the RBI repo rates. The second variable testing the investor sentiment would be the hike in the crude oil price, which once again rose above USD 75 per barrel. The rains, which according to the meterological department was 95 per cent of the long-term average set for July, will also play an important role.

Rise in inflation rate to 4.67 per cent will be another important reason which might influence the Consumer Durables sector and the Capital Goods sector.

Overall, the week would by positive and would work towards consolidating the gains, experts added.

UNI VS MAZ VKG1020