Indian shares seen volatile ahead of RBI, Fed policies:

• Traders expect volatility after Indian shares rise to near three-year highs as the central bank is  expected to raise interest rates by 25 bps at its policy review on Oct. 29, its second monthly consecutive hike.
• Global markets will also be in focus as the U.S. Federal Reserve holds its policy meeting on Oct. 29-30.
• The expiry of October derivative contracts on Oct. 31 could further add to the volatility, traders say.
• Markets will also be focused on earnings from drug exporters including Lupin Ltd and Dr.Reddy's Laboratories Ltd
• Overseas flows will also be key after foreign institutional investors (FIIs) bought a total of nearly 125 billion Indian rupees ($2.04 billion) over 15 sessions until Thursday, according to regulatory and exchange data.