Friday markets has been closed after booking heavy losses of appx 7% in this week. After closing hours of Indiam stock market, IIP figures for the month of December 15 and CPI figures for the month of January 16 are out.
DEC IIP AT -1.3 % V/S -3.2 % (MOM)
JAN CPI AT 5.69 % V/S 5.61 % (MOM)
This figures seems to be better than expected. As the same are not wrost, market may react positively on monday and can start fresh buying.