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RPT-MARKET EYE WEEKAHEAD-WPI, earnings key for Indian stocks
July 16, 2012 / 3:48 AM / 5 years ago

RPT-MARKET EYE WEEKAHEAD-WPI, earnings key for Indian stocks

(Repeats item from Friday with no changes to text)
* Headline inflation data on Monday will be the key cue for
stock markets ahead of the Reserve Bank of India's policy review
on July 31. 
* A Reuters poll forecasts wholesale price inflation likely rose
by 7.62 percent in June from a year ago, the highest this year.
 
* Traders are eyeing the Presidential election scheduled for
July 19, as investors hope the poll will mark the start of
policy reforms, including a potential hike in diesel prices and
reforms in foreign investment for aviation and retail.
* April-June earnings will also be closely eyed. Axis Bank
 reports its results on Tuesday, followed by Bajaj Auto
 on Wednesday. 
* Kotak Mahindra Bank, Hero MotoCorp and
Dr.Reddy's Laboratories will report fiscal first
quarter earnings on Thursday.
* Energy conglomerate Reliance Industries and Asian
Paints will announce April-June earnings on Friday.

 (abhishek.vishnoi@thomsonreuters.com)

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