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Sensex, Nifty seen volatile on global factors; RBI eyed

Last Updated: Saturday, August 2, 2014 - 09:18

Mumbai: The BSE Sensex and Nifty may remain volatile amid global risk aversion.

Much will likely depend on emerging market reaction to U.S. jobs data later in the day, traders say.

Strong data could raise expectations of early rate hikes, hitting emerging markets, according to these traders.

Investors will also shift focus to RBI`s policy review on Tuesday.

RBI is likely to leave its key interest rate unchanged, according to a Reuters poll.

Auto and two-wheeler stocks would be on watch as Hero MotoCorp , Mahindra & Mahindra announce quarterly earnings.

State-run bank shares would take cues from State Bank of India`s results.

KEY EVENTS/FACTORS TO WATCH

Mon: Power Grid Corporation of India results; HSBC Markit Services PMI

Tues: RBI policy review; Hero MotoCorp earnings

Wed: Apollo Tyres results

Thurs: Jubilant Foodworks earnings

Fri: Mahindra and Mahindra , State Bank of India earnings

Reuters
First Published: Saturday, August 2, 2014 - 09:18
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