MARKET OUTLOOK
Markets may remain volatile next week as investors rollover positions from July 2009 contacts to August 2009 contracts ahead of expiry of July 2009 futures and options (F&O) contract on Thursday, 30 July 2009. Profit taking cannot be ruled out after a recent sharp surge in share prices triggered by firm global cues and encouraging Q1 results of India Inc. Improvement in India's annual monsoon rains in July 2009 augurs well for companies in the fertilizers, agrochemicals, automobiles, and fast moving consumer goods sectors.
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