Investors will be eyeing the crucial September industrial production data, a host of quarterly earnings, the foreign flow trend, assembly elections in Himachal Pradesh and mid-term elections in US this truncated week.
The industrial production data for September will be out on November 11.
Investors will also keep an eye on some important quarterly results including Coal India, Divi’s Lab, BPCL and CEAT on November 7; Bosch and MRF on November 8; Tata Motors, Lupin, Prestige Estates Projects and The Ramco Cements on November 9; Apollo Hospitals Enterprise, Campus Activewear and Oil India on November 10; BHEL and M&M on November 11 and Brigade Enterprises and Power Mech Projects on November 12.
But the month of November started with a good note.
Vinod Nair, Head of Research at Geojit Financial Services, said: “Global markets were buoyed at the onset of the week as markets across the globe were expecting central banks to dial down big interest rate hikes.
The trend for the short term remains bullish, with an upside potential of 18,300/18,600.
Source: DalalStreet