Second batch of Q2 results to dictate trend

Stock-specific activity may dominate trade in the near-term as Q2 earnings season gathers steam. Investors will closely watch the management commentary at the time of announcement of Q2 September 2011 results, which will provide cues on futures earnings outlook. Automobile and cement stocks will be focus as companies from these two sectors start unveiling sales volume data for October 2011 from Tuesday, 1 November 2011.

Shares of car major Maruti Suzuki and housing finance major LIC Housing will on Monday, 31 October 2011, react to their Q2 results to be announced on Saturday, 29 October 2011. ICICI Bank, Wipro, Hindustan Unilever, Dabur India, Colgate Palmolive (India), NMDC and BPCL unveil Q2 results on Monday, 31 October 2011. Cement majors ACC and Ambuja Cements, Punjab National Bank, HPCL and Aditya Birla Nuvo unveil quarterly results on Tuesday, 1 November 2011. Sun TV Network, Ashok Leyland and TVS Motor report Q2 results on Thursday, 3 November 2011. ONGC, Bharti Airtel and GlaxoSmithKline Pharmaceuticals unveil quarterly results on Friday, 4 November 2011.



The board of directors of Bank of Baroda meets on Monday, 31 October 2011, to consider issue of equity shares/warrants on preferential basis to the Government of India, the bank's majority shareholder. The government has proposed infusion of Rs 775 crore in Bank of Baroda by way of preferential issue of equity shares/warrants. Bank of Baroda's board will also consider second quarter results on that day.