Markets in India opened firm supported by gains in the US markets and a rebound in other Asian markets. Domestic market cues will continue to focus on company earnings announcements from smaller companies. Past earnings seasons have not been as disappointing as initially expected with no major losses reported so far. Positive data from Arcelor Mittal's steel sales in Europe boosted sentiment for TATASTEEL and its stock in anticipation of favorable results next week.

1. Firm Markets, After US Markets Show
Strength
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

2. 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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