Q2 earnings, inflation data to remain in focus: experts

Second quarter earnings from bluechip companies like RIL and TCS, inflation data and investment by overseas investors would dictate trading in the stock market in a holiday-shortened week ahead, say experts.

Besides, movement of rupee against the dollar and crude oil price will also influence trading at the bourses.

Stock markets will remain closed on Wednesday due to assembly elections in Maharashtra.

"Traders will be first reacting to the industrial production data, which was announced post market on Friday, followed by CPI data to be announced on October 13 and WPI data on October 14," said Jayant Manglik, President-retail distribution, Religare Securities.

Industrial production growth remained subdued at five-month low of 0.4 per cent in August.

Factory output measured in terms of the Index of Industrial Production (IIP) growth remained slow in August mainly due to contraction in manufacturing output and lower offtake of consumer goods. The index had also grown at a meagre rate of 0.4 per cent in August, 2013.

With the beginning of the earnings season, participants will also be eyeing important result announcements, Manglik added.

Among major earnings this week are from bluechip firms such as Reliance Industries, Bajaj Auto, TCS, Hero MotoCorp, Axis Bank, HCL Technologies and UltraTech Cement.

"For this week, market may take cues from CPI numbers, to be declared on Monday and wholesale price index scheduled on Tuesday," said Vivek Gupta, CMT - Director Research, CapitalVia Global Research Limited.

The BSE 30-share barometer Sensex ended the week at 26,297.38, a net fall of 270.61 points, or 1.02 per cent.