Weekahead - Foreign flows, earnings loom over shares

Reuters
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai December 5, 2013. REUTERS/Danish Siddiqui/Files

Reuters Market Eye - Foreign flows and January-March earnings will continue to set direction for markets, as India's five-week long election continues, including voting in Mumbai scheduled for April 24. Overseas investors sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data shows, marking their third consecutive session of outflows. The markets will take opening cues from index heavyweight Reliance Industries earnings, scheduled for Friday. Indian markets are closed on Friday for Good Friday and next Thursday for voting. KEY EVENTS/FACTORS TO WATCH Fri: Reliance Industries earnings Mon: Results of Hindustan Zinc Tues: HDFC Bank earnings Wed: Cairn India , Yes Bank , UltraTech Cement results Thurs: Ambuja Cements , ACC Ltd , Axis Bank earnings; Japan's CPI data; U.S. durable goods orders Fri: Siemens , Maruti Suzuki India , ICICI Bank , IDFC earnings. (Reporting by Abhishek Vishnoi)