WPI, factory data key after stock rally

Fri Mar 8, 2013 6:28pm IST

Labourers thresh paddy crop in a farm at Sanand in Gujarat October 30, 2012. REUTERS/Amit Dave/Files

Labourers thresh paddy crop in a farm at Sanand in Gujarat October 30, 2012.

Credit: Reuters/Amit Dave/Files

Related Topics

Stocks

   
Rajalakshmi (C), 28, smiles after winning the Miss Wheelchair India beauty pageant in Mumbai November 26, 2014. REUTERS/Danish Siddiqui

Miss Wheelchair India

Seven women from across India participated in the country's second wheelchair beauty pageant, which aims to open doors for the wheelchair-bound in modelling, film and television, according to organisers  Slideshow 

Reuters Market Eye - The Indian share market will await the factory output data on Tuesday and inflation on Thursday, which are expected to set expectations ahead of the RBI's monetary policy decision on March 19.

Those indicators could help determine whether the BSE Sensex can sustain gains after posting its biggest weekly gain since November 30, 2012, on the back of a global risk rally.

Slower-than-expected industrial output could spark further gains in shares given it could raise expectations for a rate cut after the RBI already eased rates by 25 basis points in January.

Traders expect inflation to have remained largely steady in February from January's 6.62 percent rise.

Takeaways from market regulator SEBI's board meeting later in the day could also help determine direction.

Quarterly advance corporate taxes due by March 15 could also provide hints at India Inc's profits for the current quarter.

Global risk factors will also be key with monthly U.S. employment data due later in the day.

KEY FACTORS/EVENTS TO WATCH

Monday: February trade data (This is tentative since India has no fixed date for its monthly trade data, but usually releases it between the 10th and 14th of each month)

Tuesday: January factory output data, Feb CPI (around 11 a.m.)

Thursday: February WPI (around 12 p.m.)

(Reporting by Abhishek Vishnoi)

FILED UNDER:

REUTERS SHOWCASE

WTO Trade Deal

WTO Trade Deal

WTO clinches first global trade deal in its history  Full Article 

Kashmir Attack

Kashmir Attack

Ten dead in Kashmir's worst militant attack in more than a year  Read 

OPEC Meeting

OPEC Meeting

Saudis block OPEC output cut, oil price sinks further.  Full Article 

E-Commerce Boom

E-Commerce Boom

Online grocers come up trumps in India's e-commerce boom   Full Article 

GDP, RBI Preview

GDP, RBI Preview

GDP growth set to weaken, business wants reforms more than rate cut  Full Article | Related Story 

Jaitley to Rajan

Jaitley to Rajan

Jaitley likely to meet Rajan on Monday to urge rate cut  Full Article 

Banking Sector

Banking Sector

India moves to allow more businesses to offer basic financial services.  Full Article 

Jamini Roy

Jamini Roy

Photo Gallery – Bengali household name Jamini Roy’s paintings  Full Article 

Reuters India Mobile

Reuters India Mobile

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