Q4 net falls 6.9 percent, lags forecast
Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company. Article | Full Coverage
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
MARKET EYE WEEKAHEAD - Current account data key for debt/FX
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011.
Credit: Reuters/Jitendra Prakash/Files
Reuters Market Eye - The government will release current account data for July-September on Monday amid expectations it will show a record high deficit, sending the balance of payments into negative territory.
Global risk factors will also be key for Indian debt and FX markets as U.S. lawmakers continue negotiations over the "fiscal cliff": failure to clinch a deal may send the dollar sharply higher.
However, hopes for interest rate cuts in January will gather steam in the new year.
RBI will also issue its T-bills issuance calendar for the Jan-March quarter, which will be watched closely to see whether RBI funds its extra borrowing with shorter-term paper.
Indian markets will remain open on January 1.
(Reporting by Subhadip Sircar)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters