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Markets Weekahead: Commodity earnings key for Indian stocks

RELIANCE-COMM-ONGC-TATA-COAL-INDIA:Markets Weekahead: Commodity earnings key for Indian stocks

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Reuters

 

Reuters Market Eye - Indian companies continue to report earnings, with the focus shifting to energy and commodity blue chips as well as the Reliance companies controlled by billionaire Anil Ambani.

On the economic front, Indian inflation data will be key as investors fear a weak monsoon is keeping food prices high at a time of continued signs of slowing economic growth.

Indian wholesale prices are expected to rise 7.37 percent in July from a year earlier, compared to 7.25 percent in June, according to a Reuters poll.

Investors are also awaiting policy initiatives from the government after Finance Minister P. Chidambaram promised to unveil fiscal consolidation steps.

 

Among key April-June earnings: Saturday: ONGC, Reliance Capital , Reliance Communications Monday: Tata Steel , Coal India Tuesday: Reliance Power , Reliance Infrastructure

Markets will be closed on Wednesday for Independence Day.

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First Published: Aug 10 2012 | 4:25 PM IST

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