Apr 29, 2013, 08.26 AM | Source: Reuters
The central bank's annual monetary policy review on Friday will be crucial for shares next week alongside key earnings of Hindustan Unilever, IDFC and Bharti Airtel.
A Reuters poll shows 37 of 42 economists expect the central bank to cut the repo rate by 25 basis points on May 3.
The Reserve Bank of India's (RBI) guidance on future policy stance will be key for direction in the near-term post the policy outcome due around 11 a.m. IST on Friday.
The Nifty is expected to move in a range of 5750-5950 ahead of the RBI policy, dealers said.
KEY EVENTS/FACTORS TO WATCH
Monday: Hindustan Unilever earnings
Tuesday: Infrastructure output data for March due around noon
Fiscal deficit data for March
Wednesday: Markets closed for Maharashtra Day holiday, IDFC earnings
Thursday: RBI to release macro-economic review at 1130 GMT, earnings of Bharti Airtel.
Airtel challenges TRAI's interconnect regulation in HC
Interconnection Usage Charges (IUC) or termination
Vodafone gears up for 4G launch in Mumbai
TRAI favours net neutrality, sets differential pricing rules
According to TRAI, allowing service providers to c
Airtel, Axiata subsidiaries merger credit positive: Moody's
On January 28, Bharti Airtel Limited (Baa3 stable)
Moody's keeps Bharti Airtel's rating unchanged
700 MHz base price makes it unaffordable for us to buy: Airtel
Wall Street weekahead: Is a turnaround near?
As US stocks continue to struggle in 2016, equitie
What's behind the global stock market selloff?
Global stock markets are on their shakiest footing