WEEK AHEAD-India old economy shrs seen rising in cautious trade

Newswire

BOMBAY, June 30 (Reuters) - Shares in Indian old economy firms are poised to rally this week, as investors price in expectations of improved quarterly results over growing hopes of an economic recovery, fund managers said. The key Indian index ended the previous week and the first half of 2002 flat at 3,244.70 points on Friday, but brokers said the second half appeared bright for smokestack firms, as the latest economic indicators reaffirmed hopes of a revival. "With the core sectors ...

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