INDIAN BENCHMARKS fell on posting their first weekly loss in seven, as investors booked profits in recent outperformers after indexes hit record highs, The Indian equity market seems to be taking a breather as indices enter into a consolidation phase. The RBI policy meet turned out to be a non-event as the central bank stuck to its decision of holding back any interest rate cut which was in-line with market expectations.
Meanwhile, India November HSBC manufacturing PMI stood at 53.3 as compared to 51.6 in October. India's services sector showed robust expansion in November with HSBC India Services PMI rising to 52.6 in November from 50 in October
The INDIAN BENCHMARKS SENSEX ended 0.37 percent lower at 28458.10 and the 50- share NIFTY ended 0.3 percent down at 8538.30.
GLOBAL MARKET CHASE
ASIAN STOCKS drifted while the dollar marked time on ahead of the key U.S. jobs report later in the session that could help it retake ground lost to the euro overnight.
U.S. STOCKS jumped up on after official data revealed companies were adding payrolls at a much faster clip in Nov than markets were expecting.
EUROPEAN STOCKS rallied on after the release of strong German factory orders data and as investors digested Thursday's remarks by European Central Bank President Mario Draghi.
WEEK AHEAD
Indian market seen range bound ahead of CPI, industrial output data and U.S. nonfarm payrolls data due late to provide cues for market's opening on Monday, Indian debt/FX markets to wait for cues from CPI industrial production data next week.
Winter session of parliament and government’s disinvestment programme for FY15 also to be in focus. NSE index seen in 8,400-8,700 range,
Foreign investor activity in index futures also on watch after four consecutive sessions of sell in, China CPI data on Wednesday
Meanwhile, India November HSBC manufacturing PMI stood at 53.3 as compared to 51.6 in October. India's services sector showed robust expansion in November with HSBC India Services PMI rising to 52.6 in November from 50 in October
The INDIAN BENCHMARKS SENSEX ended 0.37 percent lower at 28458.10 and the 50- share NIFTY ended 0.3 percent down at 8538.30.
GLOBAL MARKET CHASE
ASIAN STOCKS drifted while the dollar marked time on ahead of the key U.S. jobs report later in the session that could help it retake ground lost to the euro overnight.
U.S. STOCKS jumped up on after official data revealed companies were adding payrolls at a much faster clip in Nov than markets were expecting.
EUROPEAN STOCKS rallied on after the release of strong German factory orders data and as investors digested Thursday's remarks by European Central Bank President Mario Draghi.
WEEK AHEAD
Indian market seen range bound ahead of CPI, industrial output data and U.S. nonfarm payrolls data due late to provide cues for market's opening on Monday, Indian debt/FX markets to wait for cues from CPI industrial production data next week.
Winter session of parliament and government’s disinvestment programme for FY15 also to be in focus. NSE index seen in 8,400-8,700 range,
Foreign investor activity in index futures also on watch after four consecutive sessions of sell in, China CPI data on Wednesday
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