 "Infosys Q2 results to dictate the trend; Global stocks shine")
Markets are likely to open the session on a firm note following strength among the global peers on a rebound in the commodity prices amid a dovish stance by the Fed Reserve that further lifted the sentiments. Meanwhile, market participants are keenly waiting for the September quarter corporate earnings season with IT major Infosys announcing its results today.
TCS will follow suit on Tuesday with Hindustan Unilever and Zee Entertainment Enterprises set to declare their results on Wednesday. RIL will announce its result on Friday.
Among other key events, the government is scheduled to unveil the Consumer Price Index and Wholesale Price Index data for the month of September next week. Industrial production data for August will also be announced this week.
STOCKS TO WATCH
Bank of Baroda suspended two senior officials and initiated an investigation to verify if its internal systems were tampered resulting in an alleged forex scam in one of its Delhi branches.
Infosys is scheduled to post results for the quarter ended September 2015 later today.
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Tata Steel sold 2.3 million tonne (mt) of steel in the second quarter ended September 30, 2015 up 11% from 2.1 mt sold in the last corresponding period.
SpiceJet has decided to induct six new aircraft into its fleet. It will operate 291 daily flights during the winter schedule starting October 25, according to media reports.
ONGC may not get much compensation even if it is established that natural gas from its idlying fields in Bay of Bengal had migrated to adjoining KG-D6 block of Reliance Industries as the contract does not provide for retrospective penalty for such acts.
Observing that investors who have put in their life savings in a company cannot be made to wait indefinitely to get their deposits, the Bombay High Court has refused to grant extension to Elder Pharmaceuticals Ltd to repay money to the tune of Rs 155 crore to various investors.
Staff and officers of IDBI Bank are contemplating one-day country wide strike to counter the government's proposed move to dilute its stake in the lender, according to media reports.
GLOBAL STOCKS
Asian shares are trading firm mirroring gains gains in Wall Street on Friday and a sharp rebound in the commodities prices. A dovish stance by the US Federal Reserve has further lifted the sentiments Japanese market is shut today for Health-Sports Day. Straits Times, SHnghai Composite and Hang Seng are up between 0.5-3%. On Wall Street, Dow Jones Industrial Average gained 0.2% while Nasdaq climbed 0.4%.