MARKET EYE WEEKAHEAD - Earnings, inflation key for shares
Reuters Market Eye - Indian investors are gearing up for key earnings results, including from Tata Consultancy Services Ltd (TCS) (TCS.NS), Reliance Industries Ltd (RELI.NS), and ITC Ltd (ITC.NS), as well as inflation data on Monday.
TCS is set to announce October-December earnings on Monday, while Wipro Ltd (WIPR.NS) will report on Friday. Infosys (INFY.NS) surged on January 11 when it raised its revenue forecast and posted stronger-than-expected results.
India will release December inflation data on Monday, in what would be a key indicator ahead of the central bank's policy review on January 29.
Wholesale prices, India's main inflation gauge, are expected to have risen an annual 7.40 percent in December, a Reuters poll showed.
Traders are also looking for a potential announcement on a widely expected hike in fuel prices after the oil ministry sent a proposal to the cabinet this week.
The Securities and Exchange Board of India, is due to hold its board meeting on January 18, amid expectations it may announce tightening of norms for offer-for-sale transactions.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
India's largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax rate and lower income from investments. Full Article | Full coverage