Feb 09, 2013, 04.28 PM | Source: Reuters
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.
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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
Saturday: Finance Minister P. Chidambaram, SEBI Chairman UKSinha at the launch of MCX-SX stock exchange.
Monday: Earnings of Oil and Natural Gas Corp
Tuesday: December IIP, January CPI, earnings of Hindustan Petroleum Corp
Wednesday: Bharat Petroleum Corp
Thursday: January WPI inflation, earnings of Dr.Reddy's Laboratories