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Friday 13 July 2012

Indian mkt week ahead: Inflation, earnings key for stocks


Headline inflation data on Monday will be the key cue for stock markets ahead of the Reserve Bank of India's policy review on July 31.
 A Reuters poll forecasts wholesale price inflation likely rose by 7.62% in June from a year ago, the highest this year.
Traders are eyeing the Presidential election scheduled for July 19, as investors hope the poll will mark the start of policy reforms, including a potential hike in diesel prices and reforms in foreign investment for aviation and retail.
April-June earnings will also be closely eyed. Axis Bank reports its results on Tuesday, followed byBajaj Auto on Wednesday.
Kotak Mahindra Bank , Hero MotoCorp and Dr.Reddy's Laboratories will report fiscal first quarter earnings on Thursday.

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