All eyes will be on RBI Governor Raghuram Rajan’s Monetary Policy announcement on Tuesday. Bank stocks, both PSUs and private, will come under greater focus, as there was some air of optimism in market circles that Rajan may cut key rates. Though most analysts expect a status quo from the RBI, any unexpected rise in rates will affect the market adversely. Bank Nifty options witnessed a heavy build-up in open interest positions on both call and put sides, expecting a wild swing post-RBI policy announcement.
Tariff hike and cable TV operators
The telecom regulator on Monday notified a 27.5-per cent hike in tariff ceilings for cable TV services offered through the analog system in two stages. While the first instalment (15 per cent rise) will kick in from April 1, the second (inflation-linked increase) will take effect from January 1, 2015. Dish TV, Sun TV Network, Hathway Cable & Datacom, DEN Network and Siti Cable Network are among companies that could benefit from the tariff hike. The revisions are applicable both at the retail and wholesale level.
Sales numbers to drive auto pack
Shares of companies catering to the automobile segment will be in focus this week, as beginning Tuesday they disclose sales figures for March. Though the two-wheeler segment largely remained unaffected, LCV and SUV makers have been struggling. Analysts would be keenly watching the sales numbers of Tata Motors, Ashok Leyland and M&M besides Hero MotoCorp, Bajaj Auto and TVS Motor Company. Maruti Suzuki India Ltd will hog the limelight due to the launch of Celerio, which is expected to boost sales.