Markets Weekahead: Blue chip earnings key for Indian stocks

Source : REUTERS
Last Updated: Sat, Nov 03, 2012 03:50 hrs
An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh

Reuters Market Eye - 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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