At home,the domestic earnings reporting season will continue with blue chips such as Bharti Airtel,Tata Motors,State Bank of India,and Oil and Natural Gas Corp due to unveil July-September results.
Potential government action could also be a factor: India’s inter-ministerial panel will hold a two-day review starting Monday on coal block allocations to 31 state-run companies.
Meanwhile,the federal cabinet is expected to meet on Thursday to take up a proposal that carriers buying other telecom companies will have to match auction-determined prices for airwaves they acquire from the target company.
EARNINGS/EVENTS NEXT WEEK: Monday: Cipla’s,Services PMI for October Tuesday: Tata Power,Tata Communications,Reliance Infrastructure and Reliance Capital,Hindalco Industries Wednesday: Tata Motors Thursday,Bharti Airtel,Reliance Communications,Steel Authority of India,Sun Pharmaceutical Industries. Friday: Oil and Natural Gas Corp,Tata Steel,State Bank of India and Jindal Steel and Power,Bharat Petroleum Corp.