Shares of interest rate sensitive auto, banking and realty sectors will be in spotlight ahead of today's Reserve Bank of India's policy meet. The Reserve Bank of India (RBI) is unlikely to cut its key policy rate viz. the repo rate at first quarter review of the Monetary Policy 2012-13 today, 31 July 2012, to guard against higher inflation as the country faces the possibility of a drought. The RBI unexpectedly left its key lending rate unchanged at its last meeting in June 2012, citing inflationary concerns. RBI has said that fiscal consolidation by the government is critical for interest rates to ease.

Most economists polled by Capital Market expect a status quo on repo rate from RBI at today's monetary policy review. But, going ahead, RBI is seen cutting repo rate during the course of the financial year.

The Coal India board may reportedly meet today to deliberate on the issues related to signing of the fuel supply agreements (FSAs) with power firms, including coal imports and changes in the penalty clause of new FSAs. The board meeting may also discuss pooling of coal prices in case the state-owned coal producer goes for imports of the dry fuel to meet the demand, reports added.

Bharti Airtel is reportedly exploring issuing new shares to the public or institutional investors, heralding the possible return of India's biggest telecom company to the equity markets for the first time since its high-profile public flotation of 2002. Bharti Airtel was either looking at a follow-on offer of shares and an external commercial borrowing and/or included a possible stock market listing of its tower arm Bharti Infratel.

The Honorable High court of Bombay at Goa has admitted the petition filed by Sesa Goa in relation to the Scheme of Amalgamation and Arrangement amongst Sterlite Industries (India), The Madras Aluminium Campany, Sterlite Energy, Vedanta Aluminium and Sea Goa and their respective shareholders and creditors on 20 July 2012. The returnable date fixed by the High Court for the final hearing for approval of the Scheme is 31 August 2012. Sesa Goa in a press release added that the Honorable High court of Bombay at Goa has admitted the petition filed by Sesa Goa in relation to the Scheme of Amalgamation of Ekaterirta and Sesa Goa and their respective Shareholders and Creditors on 20 July 2012. The returnable date fixed by the High Court for the final hearing for approval of the Scheme is 31 August 2012

The Competition Commission of India (CCI) on Monday, 30 July 2012, passed its final order in a restrictive trade practice inquiry against cement manufacturers and their trade association viz. Cement Manufacturers Association (CMA). The Commission in its order issued Monday found eleven cement manufacturers including Shree Cement and CMA in contravention of the provisions of the Competition Act, 2002 which deal with anti-competitive agreements including cartels. The Commission has also imposed a penalty of Rs 397.51 crore on Shree Cement at the rate of 0.5 times of its profits for the years 2009-10 and 2010-11.

Jaiprakash Associates and Cipla unveil Q1 results today, 31 July 2012.

Net profit of Greaves Cotton fell 9.7% to Rs 31.55 crore on 1.8% rise in net sales to Rs 409.20 crore in Q1 June 2012 over Q1 June 2011.

Net profit of JK Tyre & Industries jumped 2474% to Rs 24.71 crore on 2.3% rise in net sales to Rs 1434.08 crore in Q1 June 2012 over Q1 June 2011

Net profit of Prestige Estates Projects rose 35.3% to Rs 49.28 crore on 11.6% fall in net sales to Rs 216.76 crore in Q1 June 2012 over Q1 June 2011

Net profit of PTC India fell 8.4% to Rs 30.05 crore on 28.3% fall in net sales to Rs 1443.65 crore in Q1 June 2012 over Q1 June 2011

Net profit of Future Capital Holdings rose 46.7% to Rs 27.08 crore on 37.4% rise in total income to Rs 204.97 crore in Q1 June 2012 over Q1 June 2011