Weekly fundamental speaks
DALAL
STREET face
INDIAN BENCHMARK edged higher in a range bound trade as stimulus
hopes in China and Japan in the wake of recent weak economic data offset
disappointment from the latest batch of corporate earnings of India Inc. The
BSE Mid-Cap index rose 1%. The BSE Small-Cap index gained 1.29%. The Sensex
gained 135.09 points or 0.49% to settle at 27,214.60. The gains for the Sensex
were lower in percentage terms than those for the 50-unit CNX Nifty index. The
50-unit CNX Nifty rose 48.45 points or 0.59% to settle at 8,238.15.
GLOBAL
MARKET chase
ASIAN STOCKS rose after upbeat U.S. price and jobless claims data
eased recent concerns over the U.S. economy, but trading activity was subdued
as investors looked ahead to more catalysts U.S. STOCKS index futures poised
for a lower opening at the Wall Street on Friday.
EUROPEAN STOCKS extended the
previous session's rally tracking strong gains on Wall Street and in Asia, as
some U.S. data releases eased concerns about the pace of recovery in the
world's biggest economy.
Week ahead
In the coming week,
the macroeconomic data, next batch of Q2 results of India Inc., trend in global
markets, investment by foreign portfolio investors (FPIs), the movement of
rupee against the dollar and crude oil price movement will dictate trend on the
bourses.
The market remains closed on Thursday, 22 October 2015 on account of
Dussehra holiday.
Among global events, Asian stocks on Monday, 19 October 2015,
will react to slew of announcements of macro-economic data in China over the
weekend. China will announce data on Q3 GDP figures, industrial production for
September and retail sales for September on Monday, 19 October 2015.
Happy week ahead!!!
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