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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