OUTLOOK
The market is likely to see a firm start tracking positive Asian equities. The recent resumption of buying by foreign funds will also support gains.
The much awaited Land Acquisition Bill, which seeks to lay down norms for increased compensation to land owners, was approved by the Union Cabinet on Monday, 5 September 2011. It is to be introduced in the Parliament today, 7 September 2011. The bill integrates land acquisition and rehabilitation and resettlement, defines public purpose clearly, has clause for retrospective effect and draws timelines for compensation.
Many events are lined up this month globally as well on domestic front which may keep the markets on heels and may also help to take some direction.
For today we continue with our cautious view on markets.
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