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Market to track GDP, foreign inflows, earnings this week

The government will release January-March quarter GDP on Friday, which is expected to confirm the economy grew at its slowest pace in a decade in the 2012/13 fiscal year.

May 27, 2013 / 11:18 IST
     
     
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    The government will release January-March quarter GDP on Friday, which is expected to confirm the economy grew at its slowest pace in a decade in the 2012/13 fiscal year.

    GDP data should also show whether the economy has gained some traction after the government's reforms moves and RBI's rate cuts.

    Investors will also be eyeing whether strong foreign buying continues.

    Foreign institutional investors extended their record net purchases of Indian stocks to a 26th consecutive sessions on Thursday, despite sharp falls sparked by worries the Fed would unwind its monetary stimulus earlier than expected.

    Companies will also continue to report January-March earnings, including Coal India Ltd , Sun Pharmaceutical Industries Ltd , and Cipla Ltd .

    KEY FACTORS/EVENTS TO WATCH Monday: Coal India earnings

    Tuesday: Sun Pharmaceutical results

    Wednesday: Money supply data, Cipla earnings

    Thursday: Tata Power Co Ltd , Indian Oil Corp Ltd earnings

    Friday: March quarter GDP

    Fiscal deficit data for April-March

    Infrastructure output for April

    Forex reserves, bank lending data

    first published: May 27, 2013 08:26 am

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