Market Eye Week Ahead: BSE Sensex, NSE Nifty seen volatile ahead of RBI, Fed

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Overseas flows will also be key after foreign institutional investors (FIIs) bought a total of nearly 125 billion Indian rupees ($2.04 billion). Reuters Overseas flows will also be key after foreign institutional investors (FIIs) bought a total of nearly 125 billion Indian rupees ($2.04 billion). Reuters
SummaryMarkets will also be focused on earnings from Lupin Ltd and Dr.Reddy's Laboratories.

Traders expect volatility to hit BSE Sensex, NSE Nifty and other indices in India as the Reserve Bank of India (RBI) is expected to raise interest rates by 25 bps at its policy review on Oct. 29, its second monthly consecutive hike.

Global markets will also be in focus as the U.S. Federal Reserve holds its policy meeting on Oct. 29-30.

The expiry of October derivative contracts on Oct. 31 could further add to the volatility, traders say.

Markets will also be focused on earnings from drug exporters including Lupin Ltd and Dr.Reddy's Laboratories Ltd.

Overseas flows will also be key after foreign institutional investors (FIIs) bought a total of nearly 125 billion Indian rupees ($2.04 billion) over 15 sessions until Thursday, according to regulatory and exchange data.

KEY FACTORS/EVENTS TO WATCH

Sat: Hindustan Unilever (HUL) earnings

Mon: Earnings of Maruti Suzuki India

Tues: RBI's monetary policy review, results of Ranbaxy Laboratories Ltd

Wed: Lupin, Bharti Airtel, DLF Ltd earnings results

Thurs: IDFC Ltd, Dr Reddys Laboratories

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