REUTERS - The RBI policy review on Tuesday will be key in determining the direction for Indian shares.
Most analysts polled by Reuters say the RBI is unlikely to lower India's key interest rate as inflation remains sticky, but may opt to cut the amount of deposits lenders must keep with the central bank.
A cut in the repo rate has the potential to spark gains in shares, which have consolidated this month with the BSE index <.bsesn> down 0.7 percent in October, after the government's fiscal and economic reforms sparked a rally in September.
Sectors benefiting from rate cut such as property and autos will also be in focus as a favorable decision by the RBI could bolster demand for big ticket items ahead of the Diwali festival in mid-November.
Earnings will remain a focus, with earnings broadly well received, despite disappointment in some sectors, such as state-run lenders.
KEY EVENTS
Sunday: Possible reshuffle in India cabinet; JSW Steel
Monday: BHEL
Tuesday: Key earnings: Maruti Suzuki India
Wednesday: Fiscal deficit data, infrastructure output data
Thursday: HSBC manufacturing PMI for October (1030 IST)
Friday: Wipro
Source: http://news.yahoo.com/market-eye-weekahead-rbi-review-earnings-key-shares-113518070--sector.html
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