Weekahead: Markets may extend gains on parliament vote

Fri Nov 30, 2012 4:14pm IST

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   

Reuters - Indian markets 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 stocks may extend gains after a brief consolidation if the vote goes in favour of the government.

The 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 December 18.

KEY FACTORS/EVENTS TO WATCH:

Monday - India Manufacturing PMI for November

Wednesday: India Services PMI for November

Reserve Money data

Thursday - RBI board meet in Kolkata, likely followed by press briefing

Three-day International tax conference begins in Mumbai

Friday - RBI to release forex, bank lending data

Saturday - RBI Governor Duvvuri Subbarao and PM's Economic Advisory Council Chairman C. Rangarajan at IGIDR event in Mumbai

FILED UNDER:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

ICICI Results

ICICI Results

ICICI sets quarterly record profit as Q3 net rises 14 pct  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

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