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Weekahead - India to take cues from U.S. jobs data, domestic earnings, inflation

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Reuters
Last Updated : May 08 2015 | 6:57 PM IST

REUTERS - ** Monthly U.S. non-farm payroll jobs data and its implications for when the Federal Reserve raises interest rates would decide initial trend of Indian stocks for coming week

** India's inflation data for April key thereafter

** Updates on India's new panel to sort out retrospective tax issue would be on radar as well

** Indian shares are likely to continue bounce from near 6-1/2 month closing lows

** Nifty expected to trade between 8,000 and 8,400 in coming week

** Pharmaceutical stocks on watch ahead of key earnings including Dr.Reddy's Laboratories and Lupin

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** Benchmark government bond may trade in 7.90 to 8.10 percent range

** Rupee to trade in 63.40-64.45 range

KEY FACTORS/EVENTS TO WATCH

Monday: Bank of Baroda earnings; April trade data (tentative)

Tuesday: Dr Reddy's Laboratories results; April CPI data, March Industrial and manufacturing output

Wednesday: Lupin earnings; money supply data

Thursday: Jubilant Food results; April WPI data

(indulal.p@thomsonreuters.com)

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First Published: May 08 2015 | 6:51 PM IST

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