The Dim Diwali, ICICI Bank, Wipro, PMI data

The Indian car Industry is likely to Boost the slow down and Maruti's poor result may put the stock on tizzy.
The October being Diwali month is expected to perk up seasonal demand and with this diwali being the slowest after the 2008 may disappoint the Bulls in charge of the market. The October month Cement dispatches and steel production is likely to show the extent of slow down and after effects of the Inflation and Interst rates. The Stagnation and Inflation both likely to show higher impact. Indian consumers are extremely Cost Conscious and  the upcoming data is likely to Imply the same.

The raising Minimum Support Prices for wheat and other millets may indicate and add to inflation expectations. While, Crude Oil and Copper heating the upper Bands on the renewed expectation worldwide, the Inflation being jumping to 11.24% again, it is more likely than not that RBI's Inflation Target in December is likely to add to another failure and the Guidance of the ' Last Interest Hike' bit premature and unsustainable..?

The Indian cos like ICICI Bank and Wipro likely to be market expectations and both having troubles in Currency adjustments.