The next batch of Q4 March 2013 results, monthly data on the manufacturing and services sectors, monthly auto sales data, Reserve Bank of India's Monetary Policy Statement 2013-14 and monetary policy meeting of the European Central Bank will dictate trend on the courses during truncated trading week. The stock market remains closed on 1 May 2013, on account of Maharashtra Day.
Shares of auto firms will be in focus as automobile companies will start unveiling sales volume data for April 2013 from Wednesday, 1 May 2013. On the same day Markit Economics will unveil HSBC India Manufacturing PMI, for April 2013. Slowing wholesale price inflation has raised expectations that the Reserve Bank of India (RBI) will cut its key policy rate viz. the repo rate to boost economic growth, which is to be announced on 3 may 2013. http://www.rrfinance.com/reserch/pdf/other-pdf/Equity%20Weekly.pdf
Shares of auto firms will be in focus as automobile companies will start unveiling sales volume data for April 2013 from Wednesday, 1 May 2013. On the same day Markit Economics will unveil HSBC India Manufacturing PMI, for April 2013. Slowing wholesale price inflation has raised expectations that the Reserve Bank of India (RBI) will cut its key policy rate viz. the repo rate to boost economic growth, which is to be announced on 3 may 2013. http://www.rrfinance.com/reserch/pdf/other-pdf/Equity%20Weekly.pdf
