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Weekahead - Sensex, Nifty seen flat-to-lower; global events eyed
August 8, 2014 / 11:31 AM / 3 years ago

Weekahead - Sensex, Nifty seen flat-to-lower; global events eyed

REUTERS - The BSE Sensex and the Nifty seen flat-to-lower as investors eye global factors.

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/Mansi Thapliyal/Files

Concerns about potential U.S. strikes on Iraq and tensions between the West and Russia are among geo-political risk factors.

At home, investors will also focus on July consumer inflation data on Tuesday amid continued concerns about reduced monsoon rainfalls.

Market heavyweights such as Tata Motors (TAMO.NS) will report earnings during the week.

Markets will be closed on Friday for Independence Day.

KEY EVENTS/FACTORS TO WATCH

Mon: Tata Motors, Jet Airways (JET.NS) earnings,

    Tues: U.S. Federal budget, India Industrial output data for June and CPI data for July; Jaiprakash Associates (JAIA.NS) earnings

    Wed: U.S. June business inventories; GVK Power and Infrastructure (GVKP.NS) and GMR Infrastructure (GMRI.NS) earnings

    Thurs: India WPI data for July

    Fri: Markets are closed; U.S. industrial/manufacturing data

    Reporting by Indulal P

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