December 28, 2012 / 11:58 AM / 5 years ago

MARKET EYE WEEKAHEAD-Focus on current account for Indian stocks

1 Min Read

* 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 or
Kingfisher Airlines.

Monday: July-Sept current account deficit, BOP
        Nov. infrastructure data, fiscal deficit
Wednesday: Dec. manufacturing PMI
Friday: Dec. services PMI 
        

 (manoj.dharr@thomsonreuters.com /
manoj.dharra.reuters.com@reuters.net)

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