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
- Cricket - Moeen probed after sporting 'Save Gaza' wristbands
- Israel warns of long Gaza war as Palestinian fighters cross border
- West agrees wider Russia sanctions as Kiev says forces near crash site
- Citi to hire 100 bankers in Asia, eyes more business from smaller clients
- Israel extends Gaza ceasefire for 24 hours, Hamas rejects terms
India's largest cigarette maker ITC Ltd on Tuesday said first-quarter net profit grew 16 percent, lagging forecasts although sales beat market expectations. Full Article