MARKET EYE WEEKAHEAD - Shares eye pending bills, IIP, WPI
Reuters Market Eye - Indian shares are expected to remain volatile as some market participants argue that the reform optimism-led buying may give way to a technical correction.
Markets will watch any development on the U.S. "fiscal Cliff".
Rate-sensitive sectors such as banks, real estate and automobile will be in focus next week as the outcome of two key data points, industrial output and wholesale price index, will set the tone for the Reserve Bank of India's policy meeting on December 18.
Bharti Infratel IPO with a price band of 210-240 rupees per share opens on December 10 for cornerstone investors and a day later for the public, closing on December 14. It will be watched closely, being one of the biggest share sales in recent times and coming from the troubled telecom sector.
Market participants will closely observe any movement in the insurance and pension bills in parliament.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Islamic State video purports to show beheading of U.S. journalist
- UPDATE 1-Pakistan crisis puts army back in the driving seat
- Landslides hit Japan's Hiroshima, killing at least 27 |
- Pakistan crisis puts army back in the driving seat
The Nifty was trading in the red on Wednesday on profit taking after the broader index earlier hit its third straight record high at 7,922.70. Full Article
Exclusive - Icahn says Family Dollar wasting over $300 mln in breakup fees . Full Article