MARKET EYE WEEKAHEAD - Focus on current account for Indian stocks

Sat Dec 29, 2012 10:37pm IST

Stock brokers trade in a brokerage firm in Kolkata February 16, 2009. REUTERS/Jayanta Shaw/Files

Stock brokers trade in a brokerage firm in Kolkata February 16, 2009.

Credit: Reuters/Jayanta Shaw/Files

Related Topics

Stocks

   

Reuters Market Eye - India's current account data for July-September due on Monday is emerging as the biggest domestic factor amid concerns it will show a record high deficit, leading to a negative balance of payments.

Traders are also eyeing any official announcement on a hike in diesel prices, after local media reported plans to gradually raise fuel prices.

Developments over the U.S. "fiscal cliff" also loom large, with failure to clinch a deal seen hurting global equities.

Among individual stocks, investors also continue to wait for a decision from Gulf carrier Etihad Airways, which has been in talks to buy a partial stake of either Jet Airways (JET.NS) or Kingfisher Airlines (KING.NS).

Monday: July-Sept current account deficit, BOP

November infrastructure data, fiscal deficit Wednesday: December manufacturing PMI Friday: December services PMI

(Reporting by Manoj Dharra)

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

Market Eye

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

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