Reuters Market Eye - 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.
Saturday: Finance Minister P. Chidambaram, SEBI Chairman U.K.Sinha at the launch of MCX-SX stock exchange.
Reporting by Abhishek Vishnoi