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> Investors are cautious on political uncertainty
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Investors are cautious on political uncertainty
By: Parinita Ag on Monday, July 21, 2008, 03:10:42 PM
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Investors are taking cautious approach on political worries as there will be vote of confidence in parliament on Tuesday, which will decide UPA''s continuation as a government. Market opens higher backed by strong Asian markets but is not able maintain the same momentum as trading lower from earlier highs. Market is witnessing buying interest mainly due to the Bank, Pharma and FMCG stocks while selling pressure is seen in Capital Goods, Oil & Gas and IT stocks.
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