Cracker of a week ahead for D-Street

MUMBAI: The five trading sessions this week, leading up to the Muhurat trading on Diwali, could be a cracker of a time for Dalal Street.
Monday could be a quiet session with traders and fund managers awaiting the RBI's credit policy announcement on Tuesday. With the current liquidity situation already tight, market players have factored in a 25-basis points hike in both repo and reverse repo rates.But market players are keen to know what the central bank thinks about the current state of the economic growth and inflation . The same day the US Fed will also meet to decide how much money it should pump in to rejuvenate the world's largest economy, and the final decision will be out the next day. On Wednesday morning, Indian investors will also know the results of the mid-term elections in the US, where Republicans are expected to win several seats, reflecting electorates' disapproval of President Barak Obama's policies.
Thursday could be another eventful day on Dalal Street with Coal India shares set to list following its record shattering IPO that closed two weeks ago. With the IPO generating investor interest from around the globe, the listing is also expected to be strong to enthuse, in general, investors on the Street, and especially the predominantly Gujarati trading community that will celebrate the New Year the next day. Friday , the Diwali day, will see a one-and-half-hour special trading session to bring in Samavat Year 2067.