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Week Ahead : RBI's monetary policty, quarterly results to dictate trend

Source : SIFY
Last Updated: Sun, Jul 28, 2013 06:28 hrs
People walk pass BSE building in Mumbai

With a slew of earnings reports, economic news and the Reserve Bank of India's monetary policy review to flood the market, stocks will see some listless sessions next week.

Besides RBI's monetary policy, news from other central banks from across the globe will also make a significant impact on the market's movements in the coming week.

Investors will be eyeing the prime minister's statement on the economy on Monday, a day ahead of RBI's monetary policy review.

Jaiprakash Associates, Sesa Goa, Dr Reddy's Laboratories, NTPC, Reliance Infrastructure, Reliance Power, HCL Technologies, ICICI Bank, Reliance Communications and IDFC are among the key results next week.

Some of the other top notch firms that will come out with their quarter results next week are, City Union Bank, Indian Bank, Syndicate Bank, TV 18 Broadcast, HMT, IFCI, IPCA Laboratories, Trent, Andhra Bank, Motherson Sumi, United Spirits, Adani Power, Cummins India, Glenmark Pharma, Idea Cellular, Power Grid Corporation, Tata Global Beverage, Titan Industries, Union Bank of India, NLC, Sun TV Network.

Fairly heavy selling by foreign institutional investors almost right through the week, dragged down stock prices last week. If the market is to see any significant rebound, then this set of investors will have to turn net buyers again.

Some battered down metal stocks may find their way up on bargain hunting. The rupee's movements will set the trend for IT and pharma stocks.


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