Market Weekahead - Shares to track foreign flows, Infosys
Reuters Market Eye - Indian stock markets will be closely tracking foreign investor activity.
Worries that foreign institutional investors (FIIs) would start paring some of their holdings led the Nifty to its lowest close since the government's "big bang" reforms in September sparked a powerful rally.
Infosys Ltd, India's second-largest software services company, will report fiscal fourth-quarter results on Friday, setting the tone for Jan-March earnings results season.
Meanwhile, factory output data for February and March CPI data will set the tone for the May 3 policy review.
India's record high current account deficit in the December quarter has sparked concerns the central bank may keep rates on hold next month.
KEY FACTORS/EVENTS TO WATCH
Monday: Trade Minister Anand Sharma press briefing in Switzerland
Tuesday: India's National Green Tribunal will hear a case over the closure of Sterlite Industries Ltd STRL.NS copper smelter.
Wednesday: Trade data for March
Money supply data
Friday: Feb industrial output data
March CPI data
Infosys, Development Credit Bank Ltd (DCBA.NS) Jan-March earnings
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A group of World Trade Organization (WTO) members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday. Full Article