MARKET EYE WEEKAHEAD - Focus on current account for Indian 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)
- Tweet this
- Share this
- Digg this
Prime Minister Narendra Modi must not give in to U.S. pressure to change intellectual property laws which allow India to produce generic medicines poor people can afford, the medical charity Doctors Without Borders (MSF) said. Full Article | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article