Markets weekahead: RBI policy, earnings key for shares

Fri Jan 25, 2013 6:13pm IST

A man talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai June 14, 2010. REUTERS/Rupak De Chowdhuri/Files

A man talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai June 14, 2010.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

Stocks

   

Reuters Market Eye - The Reserve Bank of India's policy review on Tuesday and earnings of blue-chip companies will be the key factors for stocks next week.

Stock investors are widely anticipating a 25 basis point rate cut when the RBI sets policy on Tuesday, to be followed by another 25 bps cut in March, making the guidance provided by the central bank as important as the rate decision itself. (Read preview story here)

As a result, stocks could see a steep selloff if the RBI surprises markets by keeping key lending rate unchanged or by signalling a reduced scope of rate cuts ahead.

ICICI Bank Ltd (ICBK.NS), Bharti Airtel Ltd (BRTI.NS), and Bharat Heavy Electricals Ltd (BHEL.NS) are shaping up as the highlights among companies reporting October-December results.

Volatility is also expected to increase as Thursday marks the expiry of January derivatives contracts.

FACTORS TO WATCH

Monday: RBI macro-economic report (5 p.m.); JSW Steel Ltd (JSTL.NS) earnings

Tuesday: RBI's review (decision at 11 a.m.); Reliance Capital Ltd RCAP.NS and Sterlite Industries Ltd STRL.NS earnings

Thursday.: ICICI Bank, Lupin Ltd (LUPN.NS) and Bharti Airtel's earnings; December fiscal deficit data; derivatives expiry

Friday: BHEL and IDFC Ltd (IDFC.NS) earnings

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage