www.rupeedesk.in
Stocks of major pharmaceutical companies are seen trading with an upward bias next week following disappointing current account deficit for Oct-Dec coupled with global and political uncertainties. India's current account deficit widened to touch a record high of 6.7% of gross domestic product in Oct-Dec from 4.4% a year ago and 5.4% in Jul-Sep.
The broad market looked uncertain for the week ahead, and investors would turn towards defensive stocks such as pharmaceuticals and fast moving consumer goods. Defensive stocks tend to move up when the broad market is down.
