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Sensex weekahead: Indian shares seen volatile ahead of RBI, Fed

Source : REUTERS
Last Updated: Sat, Oct 26, 2013 07:37 hrs
An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh

Traders expect volatility after Indian shares rise to near three-year highs as the central bank is expected to raise interest rates by 25 bps at its policy review on Oct. 29, its second monthly consecutive hike.

Global markets will also be in focus as the U.S. Federal Reserve holds its policy meeting on Oct. 29-30.

The expiry of October derivative contracts on Oct. 31 could further add to the volatility, traders say.

Markets will also be focused on earnings from drug exporters including Lupin Ltd and Dr.Reddy's Laboratories Ltd.

Overseas flows will also be key after foreign institutional investors (FIIs) bought a total of nearly 125 billion Indian rupees ($2.04 billion) over 15 sessions until Thursday, according to regulatory and exchange data.

KEY FACTORS/EVENTS TO WATCH

Sat: Hindustan Unilever Ltd earnings

Mon: Earnings of Maruti Suzuki India Ltd

Tues: RBI's monetary policy review, results of Ranbaxy Laboratories Ltd

Wed: Lupin Ltd, Bharti Airtel Ltd, DLF Ltd earnings results

Thurs: IDFC Ltd, Dr.Reddy's Laboratories Ltd


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