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Markets Weekahead: Blue chip earnings key for Indian stocks

Source : REUTERS
Last Updated: Fri, Nov 02, 2012 12:10 hrs
People walk past the Bombay Stock Exchange building in Mumbai

Reuters Market Eye - Global shares are seen reacting to the U.S. October jobs data later on Friday, with analysts expecting 125,000 jobs to have been added and the unemployment rate to tick up to 7.9 percent.

At home, the domestic earnings reporting season will continue with blue chips such as Bharti Airtel , Tata Motors , State Bank of India, and Oil and Natural Gas Corp due to unveil July-September results.

Potential government action could also be a factor: India's inter-ministerial panel will hold a two-day review starting Monday on coal block allocations to 31 state-run companies.

Meanwhile, the federal cabinet is expected to meet on Thursday to take up a proposal that carriers buying other telecom companies will have to match auction-determined prices for airwaves they acquire from the target company.

EARNINGS/EVENTS NEXT WEEK: Monday: Cipla's , Services PMI for October Tuesday: Tata Power , Tata Communications , Reliance Infrastructure and Reliance Capital , Hindalco Industries Wednesday: Tata Motors Thursday, Bharti Airtel, Reliance Communications , Steel Authority of India , Sun Pharmaceutical Industries . Friday: Oil and Natural Gas Corp , Tata Steel , State Bank of India and Jindal Steel and Power , Bharat Petroleum Corp.




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