India Inc. has not had much reason to cheer over the past fortnight, though the news on the global front was a tad better.The markets are still waiting for conclusive cues though, says Saikat Mitra.

Mining companies have raised the iron ore prices on the back of rising demand and supply shortages in the country. With higher iron ore prices, high freight cost and weakened rupee we foresee a higher impact on the margins of the domestic steel companies.

The corporate results for FY12 and the fourth quarter remain principal triggers for the market going forward, says Saikat Mitra.

The dispirited movement of the Indian markets has continued, with no definite cues emerging as yet. Positive numbers in the earnings results season could provide investors a reason to smile, says Saikat Mitra.