REUTERS - Earnings will continue to set the tone in Indian markets, with Larsen & Toubro Ltd(LART.NS), Maruti Suzuki India Ltd(MRTI.NS) and Hindustan Unilever Ltd(HLL.NS) among the companies set to post October-December results.
The government's decision to allow diesel price hikes should continue to help support shares although state-run oil stocks such as Hindustan Petroleum Corp Ltd (HPCL.NS) that rallied on the news may be susceptible to profit-taking.
The big event this month still remains the RBI's policy review on January 29, with most analysts expecting a 25 bps cut in interest rates after RBI Governor Duvvuri Subbarao dented hopes for a 50 bps cut this week after calling inflation "still quite high."
KEY FACTORS/EVENTS TO WATCH
Sat: India's ruling Congress party starts three-day conference
Mon.: NTPC Ltd (NTPC.NS), Asian Paints Ltd (ASPN.NS), Cairn India Ltd (CAIL.NS), Housing Development Finance Corporation Ltd (HDFC.NS) earnings
Tues.: Hindustan Unilever (HLL.NS) earnings
Wedns.: Reliance Communications Ltd (RLCM.NS), Zee Entertainment Enterprises Ltd (ZEE.NS) earnings
Thurs.: Larsen & Toubro (LART.NS) earnings
Fri.: Maruti Suzuki (MRTI.NS), Reliance Power Ltd (RPOL.NS) earnings
(Reporting by Abhishek Vishnoi)