Stock markets expected to touch new highs

REUTERS - Indian shares are expected to touch new highs on hopes of more foreign fund inflows into local stocks with the BSE Sensex already up 7.6 percent for September.

* However, as October begins, traders expect focus would shift towards July-September earnings.

* On reforms, investors are now looking for an increase in the foreign direct investment limit in the insurance sector, the goods and services tax and a government committee recommendation on delaying a controversial set of taxes for foreign investors.

* Auto shares will be in focus next week, companies including Maruti Suzuki and Hero Honda will announce September vehicle sales.

 

* Cement companies, including ACC , will announce cement dispatch figures.

Key events

Monday: September vehicle sales, cement dispatches from cement companies

Tuesday: National Holiday

Wednesday: India HSBC Markit services PMI.