Next batch of Q3 earnings to dictate trend

The 3rd quarter earnings season is its peak and next batch of Q3 December 2011 results will dictate the near-term trend on the bourses. Auto and cement stocks will be focus as companies from these two sector start unveiling monthly sales volume data for January 2012 from Wednesday, 1 February 2012.

LIC Housing Finance and Indian Bank unveil Q3 results on Monday, 30 January 2012. ICICI Bank, Punjab National Bank, IDBI Bank, Dabur India, TVS Motor, NMDC and Siemens unveil quarterly results on Tuesday, 31 January 2012. Mahindra Satyam unveils Q3 results on Wednesday, 1 February 2012. ONGC, Marico, RCF and Corporation Bank announce Q3 results on Thursday, 2 February 2012. Dr. Reddy's Laboratories, Power Finance Corporation, Hindustan Copper and HPCL report Q3 results on Friday, 3 February 2012.



The share buyback programme of Reliance Industries (RIL) begins on Wednesday, 1 February 2012. RIL early this week said that its share buyback programme will begin on 1 February 2012 and close on 19 January 2013. Its controlling shareholders, who own 44.7% of the equity, will not participate in the offer. RIL had said last week that it will buyback up to 12 crore shares at a maximum price of Rs 870 and payable in cash up to an aggregate amount not exceeding Rs 10440 crore from the open market through stock exchanges.

On the political front, assembly election will be held in Manipur on Saturday, 28 January 2012. On Monday, 30 January 2012, assembly elections will be held in Uttarakhand and Punjab. Seven-phase polling for assembly elections in Uttar Pradesh begins on 4 February 2012.