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Next week, Stocks of most capital goods and engineering companies are likely to take cues from companies' Jul-Sep earnings and the Reserve Bank of India's policy review on Tuesday. Being capital-intensive in nature, the sector has been bearing the brunt of high interest rates, which have made projects financially unviable. Most market participants expect some growth-boosting measures from the RBI on Tuesday. Opinions are divided on a cut in the repo rate but some believe the central bank might slash banks' cash reserve ratio further. Repo rate is that at which the RBI lends to banks under its Liquidity Adjustment Facility. Specific stocks will react to companies' Jul-Sep earnings. Thermax, KEC International, and BGR Energy Systems are among the companies that will detail their quarterly performance next week.
