Markets Weekahead - Inflation data, cabinet changes key for markets

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Reuters
Last Updated : Nov 07 2014 | 6:36 PM IST

REUTERS - * Consumer price index data due on Wednesday will be key for markets.

* A sharp fall would raise hopes for an RBI rate cut at its Dec. 2 policy review.

* The government is also expected to announce a cabinet reshuffle by Sunday.

* Markets will also react to U.S. jobs data, due later in the day.

* Share markets to continue tracking earnings, including from Tata Steel.

* Both NSE and BSE indexes touched record highs on Nov. 5.

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* The 10-year benchmark bond yield seen in 8.15-8.25 range after touching a 15-month low.

* Rupee seen trading between 61.40 and 62/dollar

* RBI expected to intervene to prevent excessive depreciation.

KEY FACTORS/EVENTS TO WATCH

No Fixed Date: October Imports/ Exports/ Trade Deficit

Tuesday: Power Grid Corp of India earnings

Wednesday: Oct Consumer Price Index

September Industrial Output

Earnings - Tata Steel, Aditya Birla Nuvo, Adani Enterprises

Thursday: Earnings - Cipla Ltd, DLF Ltd, Hindalco Industries, Indian Oil Corp

Friday: Oct Wholesale Price Index

Loan Growth

Weekly FX reserves

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First Published: Nov 07 2014 | 6:22 PM IST

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