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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

RBI Policy Review

RBI Policy Review

RBI keeps rates on hold, warns on inflation  Full Article 

Monsoon Season

Monsoon Season

India's 2014 monsoon ends with double-digit rain deficit .  Full Article 

Cleanliness Drive

Cleanliness Drive

Modi orders officials to clean loos on Gandhi's birthday.  Full Article 

Bid to Boost Trading

Bid to Boost Trading

RBI takes small steps to deepen markets.  Full Article 

Car Recall

Car Recall

Maruti Suzuki says to recall 69,555 cars.  Full Article 

China Factory Data

China Factory Data

China final HSBC PMI steady in September on stronger global demand but risks remain  Full Article 

Oil Demand

Oil Demand

India's thirst for oil grows even as China cuts back  Video 

EBay Divests PayPal

EBay Divests PayPal

EBay to spinoff PayPal in 2015  Full Article 

New 'Windows'

New 'Windows'

Microsoft names next operating system 'Windows 10'.  Full Article 

Reuters India Mobile

Reuters India Mobile

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