For Quick Alerts
For Daily Alerts

Markets to take cues from earnings, inflation data next week

 Markets to take cues from earnings, inflation next week
Markets will take cues from the inflation data and Q2 earnings next week. The WPI and CPI inflation data will be released on Monday.

If inflation data surprises significantly on the upside, expect some reaction in stocks of rate sensitives like real estate and the banking stocks.

It's highly possible that the Monetary Policy Review may see hike in repo rates once again, if inflation reading is not too comfortable.

CPI inflation is expected around 9.5% for the month of September, while the WPI inflation reading is seen around 6%.

There are a host of earnings apart from the inflation data to look forward to. After Infosys, another market heavyweight, Reliance Industries will declare its results on Monday, Oct 14, followed by TCS on the next day and Axis Bank the following day.

Most of those including Reliance Industries and Tata Consultancy Sertvices are heavyweights and will be closely watched.

TCS is expected to report decent numbers and Reliance Industries is unlikely to spring any major surprise.

Apart from the earnings season markets would look for global cues. Statements from newly nominated Fed Chairman Janet Yellen, have been rather dovish, which should keep the market in good humour.

The rupee has recovered sharply against the dollar, which should also keep foreign fund flows robust in the next few weeks. In fact, FIIs have been buyiong agressively, which has propelled the market forward. Barring any unexpected developments, the market momentum is likely to continue. They net bought in the cash market worth more then Rs 1000 crores on Monday.

Story first published: Saturday, October 12, 2013, 10:42 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more