Reuters Market Eye - Indian's equity markets are likely to remain under stress on the back of the latest RBI measures to drain out liquidity from the market.
Reserve Bank of India announced more liquidity tightening measures after markets closed on Thursday to address volatility in the foreign exchange markets.
The Nifty has lost 7.3 percent since the central bank first announced the liquidity draining measures on July 15.
Morgan Stanley said RBI's cash tightening measures last month have made shares much more vulnerable to global cues.
Companies will also continue to report earnings, including Oil and Natural Gas Corporation , State Bank of India and Mahindra and Mahindra .
KEY FACTORS/EVENTS TO WATCH
Monday:
Industrial production data at 1730 India time (1200 GMT)
Consumer price inflation at 1730 India time
Manufacturing output data at 1730 India time
Earnings: DLF Ltd , Oil and Natural Gas Corporation
Ltd , Indian Hotels Company Ltd ,
State Bank of India
Tuesday:
Indian Oil Corporation Ltd , Mahindra and Mahindra
Ltd .
Wednesday:
Wholesale price inflation data at noon (0630 GMT)
Earnings: Essar Oil Ltd , United Breweries Ltd
, Wockhardt Ltd .
Thursday:
National Holiday
Friday:
Foreign exchange reserves data at 1700 India time
(Reporting by Himank Sharma)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app