Weekahead: Stocks to focus on fund flows, monsoon progress

Fri May 3, 2013 4:54pm IST

Employees walk in a lobby at the Bombay Stock Exchange (BSE) during the announcement of the annual budget in Mumbai February 28, 2013. REUTERS/Vivek Prakash/Files

Employees walk in a lobby at the Bombay Stock Exchange (BSE) during the announcement of the annual budget in Mumbai February 28, 2013.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

Reuters Market Eye - Technical indicators point towards some correction in Indian equity markets next week as it seems to have become overbought after a 3.5 percent rally in the Sensex in April, traders say.

Focus will now shift to the performance of monsoon rains in India and fund flows after the accommodative stance by global central banks. The RBI cut the repo rate by 25 bps as widely expected, but said there was limited room for further easing.

India's factory output data for March and last fiscal year will be watched on May 10.

KEY EVENTS/FACTORS TO WATCH Sat/Sun: Asian Development Bank conference.

Mon: March Services PMI.

Tues: GlaxoSmithKline Pharmaceuticals Ltd (GLAX.NS) results

Wed: Results of Ranbaxy Laboratories Ltd (RANB.NS), Lupin Ltd(LUPN.NS)

Thurs: Asian Paints (ASPN.NS) March-quarter results

Fri: March factory output data, Reliance Communications Ltd (RLCM.NS) earnings.

(Reporting by Abhishek Vishnoi)

FILED UNDER:

REUTERS SHOWCASE

2015: India Outlook

2015: India Outlook

India in 2014: A dream run for markets  Full Article 

Funding Woes

Funding Woes

Co-founder of SpiceJet seeks time to finalise rescue  Full Article 

Flying Back on Course

Flying Back on Course

The inside story of the new Airbus A350 jet  Full Article 

Oil Prices

Oil Prices

Oil rebounds above $62, tracking broader markets  Full Article 

Tracking Gold

Tracking Gold

Gold inches higher on weaker dollar, Asian buying  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but says no proof N.Korea hacked Sony  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

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