MARKET EYE WEEKAHEAD-Indian stocks may extend gains on parliament vote

Fri Nov 30, 2012 3:38pm IST

Related Topics

* Indian stocks will closely track the vote on foreign direct
investment in multi-brand retail in the parliament and
manufacturing PMI for November next week.
* The ruling Congress party-led alliance is expected to muster a
majority in the lower house, but faces a tougher challenge in
the upper house of the parliament.
* Dealers say Indian stocks may extend gains after a brief
consolidation if the vote goes in favour of the government.
* India's Manufacturing PMI for November is also a key data to
watch in the context of rising rate-cut expectations ahead of
the RBI policy review on Dec. 18.

KEY FACTORS/EVENTS TO WATCH:
Sat: RBI Governor Duvvuri Subbarao and PM's Economic Advisory
Council Chairman C. Rangarajan at IGIDR event in Mumbai.
Mon: India Manufacturing PMI for November.
Wed: India Services PMI for November.
    Reserve Money data.
Thurs: RBI board meet in Kolkata, likely followed by press
briefing.
    Three-day International tax conference begins in Mumbai
Fri: RBI to release forex, bank lending data.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Reuters Showcase

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Market Eye

Market Eye

Sensex, Nifty end higher after bumpy budget-day trading  Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage