Gas Prices

Reliance Industries' KG-D6 floating production storage and offloading (FPSO) vessel is seen off the Bay of Bengal in this undated handout photo. REUTERS/Reliance Industries/Handout/Files

India eyes narrow political window for unpopular gas price hike

The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports.  Full Article 

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Markets weekahead: Earnings, inflation key for Indian shares

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People watch a news channel displayed on a large screen on the facade of the Bombay Stock Exchange building, February 28, 2007. REUTERS/Arko Datta/Files

People watch a news channel displayed on a large screen on the facade of the Bombay Stock Exchange building, February 28, 2007.

Credit: Reuters/Arko Datta/Files

Fri Feb 8, 2013 8:34pm IST

Reuters Market Eye - December quarter earnings and WPI inflation will be the key for Indian shares in the short term.

MCX-SX stock exchange launches equities trading. Volumes will be watched given its history of competition with the National Stock Exchange.

Dealers say any headline inflation reading of 7 percent or lower may lead to gains in shares on hopes of a March rate cut.

Also on watch, domestic institutional outflows where pace of selling has accelerated in 2013, relative to inflows from foreign investors.

KEY EVENTS/FACTORS TO WATCH

Saturday: Finance Minister P. Chidambaram, SEBI Chairman U.K.Sinha at the launch of MCX-SX stock exchange.

Monday: Earnings of Oil and Natural Gas Corp (ONGC.NS), Tata Power Co (TTPW.NS)

Tuesday: December IIP, January CPI, earnings of Hindustan Petroleum Corp (HPCL.NS), SAIL (SAIL.NS)

Wednesday: Bharat Petroleum Corp (BPCL.NS), Tata Steel (TISC.NS) earnings

Thursday: January WPI inflation, earnings of Dr.Reddy's Laboratories (REDY.NS), Tata Motors (TAMO.NS), State Bank of India, GAIL India (GAIL.NS), DLF (DLF.NS)

(Reporting by Abhishek Vishnoi)
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