Breather likely for record-setting Indian shares

Apr 11 2014, 16:01 IST
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Index heavyweight Reliance Industries is due to post its results on Friday. (Reuters) Index heavyweight Reliance Industries is due to post its results on Friday. (Reuters)
SummaryIndian shares could pause for breath after a record-setting rally as quarterly earnings reports, inflation data and the continued five-week long elections breed caution.

Indian shares could pause for breath after a record-setting rally as quarterly earnings reports, inflation data and the continued five-week long elections breed caution.

Software stocks are on watch with Infosys Ltd kicking off March-quarter earnings season on Tuesday, followed by Tata Consultancy Services on Wednesday. Wipro and HCL Technologies report on Thursday.

Index heavyweight Reliance Industries is due to post its results on Friday.

India's consumer inflation rate is forecast to have edged up slightly to 8.19 percent in March due to higher food prices, and factory output in February is expected to have risen at its fastest annual pace in five months, a Reuters poll shows.

The RBI's next policy review is not until early June.

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