MARKET EYE WEEKAHEAD-Indian stocks on hold ahead of budget

Fri Feb 22, 2013 4:28pm IST

Related Topics

Stocks

   

* Indian shares will be closely monitoring the 2013/14 budget
for the next fiscal year to be announced on Feb. 28.
* All eyes will be on how the finance minister will manage to
meet the government's 4.8 percent fiscal deficit target for
2013/14, while still trying to revive growth amid persistent
inflation, and with general elections expected next year.
* Whether India can deliver a credible fiscally disciplined
budget is too close to call, but economists polled by Reuters
say its resolve to cut spending and giveaways in next week's
budget will reignite investor confidence. 
* Traders say NSE's 50-stock index will be range-bound
at above 5,800 until the budget. 
    
KEY FACTORS/EVENTS TO WATCH
Tues: Railway budget to be presented in parliament at 0630 GMT
      Ranbaxy Laboratories October-December earnings 
Wed: Economic report to be presented in parliament at 0530 GMT
Thurs: Federal budget to be presented in parliament at 0530 GMT
       Oct-Dec quarter fiscal deficit data due around 1030 GMT  
                   
       Infrastructure output for January due at 0630 GMT
       Oct-Dec quarter GDP data due at 0530 GMT
Fri: Manufacturing PMI, Foreign exchange reserves data to be
released at 1130 GMT

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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

Sino-Indian Ties

REUTERS SHOWCASE

India-China Relations

India-China Relations

India and China look to put knotty relations on new footing.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Lower Output

Lower Output

IOC cuts refinery output as rains hit fuel demand - source.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Farming and Technology

Farming and Technology

Climate smart farmers get tech savvy to save India's bread basket.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

Reuters India Mobile

Reuters India Mobile

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