Week Ahead: Market to track quarterly results for direction

Last Updated: Mon, Oct 17, 2016 10:08 hrs

The mood in the Indian stock market, is likely to remain cautious in the coming week, with investors gearing up for more earnings reports from India Inc and reacting to the steep hike in petrol and diesel prices.

Investors will be tracking global markets and movements of the rupee and crude oil as well, for direction.

With ACC and UltraTech Cement scheduled to announce their results during the course of the week, there will be some hectic activity in the cement space.

Reliance Industries, Hindustan Zinc, Yes Bank, Wipro, HCL Technologies and Cairn India are among the other top notch companies that are slated to announce their second quarter results next week.

Wall Street's positive close on Friday after the U.S. Federal Reserve Chair Janet Yellen remarked at a conference at Boston that the central bank should consider running a "high-pressure economy" to address the lingering effects of the financial crisis, is likely to help keep the undertone in Asian markets slightly positive on Monday.

Activity may well remain stock specific for most part of the week with quarterly results and other corporate news setting the trend. Some volatile spells are likely.

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