February 8, 2013 / 10:53 AM / 5 years ago

MARKET EYE WEEKAHEAD-Earnings, inflation, key for Indian shares

* 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
Sat: Finance Minister P. Chidambaram, SEBI Chairman U.K.Sinha at
the launch of MCX-SX stock exchange.
Mon: Earnings of Oil and Natural Gas Corp, Tata Power
Co 
Tues: December IIP,  January CPI, earnings of Hindustan
Petroleum Corp, SAIL 
Wed : Bharat Petroleum Corp, Tata Steel 
earnings
Thurs: January WPI inflation, earnings of Dr.Reddy's
Laboratories, Tata Motors, State Bank of
India, GAIL India, DLF 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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