Markets Weekahead - Record high CA deficit may weaken stocks

Sat Mar 30, 2013 4:46pm IST

A dealer reacts while trading at a stock brokerage firm in Kolkata May 7, 2010. REUTERS/Parth Sanyal/Files

A dealer reacts while trading at a stock brokerage firm in Kolkata May 7, 2010.

Credit: Reuters/Parth Sanyal/Files

Related Topics

Reuters Market Eye - Broader sentiment is expected to be weak in Indian stocks after data showed the current account deficit widened to a record high 6.7 percent of GDP in the October-December quarter.

However, the data, coming out after market hours on Thursday, also showed the balance of payments turned positive.

Still, traders say macro-economic indicators may have bottomed out and point to signs of recovery ahead.

Analysts also feel the recent correction in shares have made valuations more compelling.

Drug makers could be in focus as the Supreme Court is due to decide on April 1 whether Novartis AG's cancer treatment Glivec deserves a patent in the country.

KEY EVENTS/FACTORS TO WATCH:

Mon: March HSBC manufacturing PMI, Feb infrastructure output

- Supreme Court ruling on Novartis' Glivec

- Debt/FX markets closed for banking holiday

(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

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

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