Q2 earnings, inflation data to remain in focus: experts

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Q2 earnings, inflation data to remain in focus: experts

This article was posted on Oct 13, 2014 and is filed under Market News

Besides, movement of rupee against the dollar and crude oil price will also influence trading at the bourses

Second quarter earnings from bluechip companies like RIL and TCS, inflation data and investment by overseas investors would dictate trading in the stock market in a holiday-shortened week ahead, say experts.

Besides, movement of rupee against the dollar and crude oil price will also influence trading at the bourses.

Stock markets will remain closed on Wednesday due to assembly elections in Maharashtra.

“Traders will be first reacting to the industrial production data, which was announced post market on Friday, followed by CPI data to be announced on October 13 and WPI data on October 14,” said Jayant Manglik, President-retail distribution, Religare Securities.

Industrial production growth remained subdued at five-month low of 0.4 per cent in August.

Factory output measured in terms of the Index of Industrial Production (IIP) growth remained slow in August mainly due to contraction in manufacturing output and lower offtake of consumer goods. The index had also grown at a meagre rate of 0.4 per cent in August, 2013.

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