<p>Indian stock markets may open positive on Monday on hopes that government would announce certain measures to arrest the slide in rupee and boost investment in a bid to prop up the economy, analysts said.<br /><br /></p>.<p>“The equity markets are likely to open positive with at least 200 points gain for the Sensex as investors expect that the government would announce measures to curb the slide in the rupee, which fell to a record low of 57.37 to the US dollar on Friday,” CNI Research Head Kishor Ostwal said.<br /><br />“It may announce steps to curb black money, which would be crucial to stem the rupee slide,” he added. <br /><br />Echoing a similar view, Wellindia Executive Director Hemant Mamtani said, “The stock markets may open on a positive note on Monday, on Finance Minister Pranab Mukherjee’s assurance that the government in consultations with the Reserve Bank of India would announce certain measures on Monday to improve market conditions”.<br /><br /> He further said, “Whether the market would able to hold the gain or not depends on the government’s announcement.”<br /><br />Analysts expect the government would also announce measures aimed at taming the country’s fiscal and current account deficits that would influence investor sentiment.<br />Ostwal said equity market is likely to be bullish this week, while Rakesh Goel, vice-president at Bonanza Portfolio said that cautious approach should be adopted by investors since volatility is expected to be high in view of futures and options expiry on Thursday (June 28).<br /><br />“This week would continue to pose challenges for the markets in light of high dollar rates and weak domestic and international news flow,” Inventure Growth & Securities Chairman & MD Nagji K Rita said.<br /><br />“As markets are in an expiry week, cautious approach is recommended since volatility is expected to be high. Important resistance for Nifty exists at 5,195-5,205 and a close above these levels will definitely make the medium-term trend bullish,” Goel said.<br /><br />Investors are also keeping a close watch on the progress of monsoon as it is important for farm output and economic growth, traders said.</p>
<p>Indian stock markets may open positive on Monday on hopes that government would announce certain measures to arrest the slide in rupee and boost investment in a bid to prop up the economy, analysts said.<br /><br /></p>.<p>“The equity markets are likely to open positive with at least 200 points gain for the Sensex as investors expect that the government would announce measures to curb the slide in the rupee, which fell to a record low of 57.37 to the US dollar on Friday,” CNI Research Head Kishor Ostwal said.<br /><br />“It may announce steps to curb black money, which would be crucial to stem the rupee slide,” he added. <br /><br />Echoing a similar view, Wellindia Executive Director Hemant Mamtani said, “The stock markets may open on a positive note on Monday, on Finance Minister Pranab Mukherjee’s assurance that the government in consultations with the Reserve Bank of India would announce certain measures on Monday to improve market conditions”.<br /><br /> He further said, “Whether the market would able to hold the gain or not depends on the government’s announcement.”<br /><br />Analysts expect the government would also announce measures aimed at taming the country’s fiscal and current account deficits that would influence investor sentiment.<br />Ostwal said equity market is likely to be bullish this week, while Rakesh Goel, vice-president at Bonanza Portfolio said that cautious approach should be adopted by investors since volatility is expected to be high in view of futures and options expiry on Thursday (June 28).<br /><br />“This week would continue to pose challenges for the markets in light of high dollar rates and weak domestic and international news flow,” Inventure Growth & Securities Chairman & MD Nagji K Rita said.<br /><br />“As markets are in an expiry week, cautious approach is recommended since volatility is expected to be high. Important resistance for Nifty exists at 5,195-5,205 and a close above these levels will definitely make the medium-term trend bullish,” Goel said.<br /><br />Investors are also keeping a close watch on the progress of monsoon as it is important for farm output and economic growth, traders said.</p>