INDIAN BENCHMARK rallied in the week ended. Both the key indices attained 7-week closing high. The barometer index, the S&P BSE Sensex regained the psychological 27,000 mark and the 50-unit CNX Nifty regained the psychological 8,000 mark during the week. The Sensex rose 858.56 points or 3.27% to settle at 27,079.51, its highest closing level since 21 August 2015. The 50-unit CNX Nifty gained 238.80 points or 3% to settle at 8,189.70, its highest closing level since 21 August 2015
GLOBAL MARKET CHASE
ASIAN STOCKS rose taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve's latest meeting led investors to further pare bets that the central bank will hike interest rates this year.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS climbed to a one-month high and were set for their best weekly gain since late January on renewed hopes that central banks would keep monetary policy loose for
longer.
WEEK AHEAD
In the coming week, the major trigger for the market is Q2 September 2015 corporate earnings.Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will also dictate trend on the bourses next week.
Among the key macro economic data, the government is scheduled to unveil the consumer price index ( CPI) data for the month of September 2015 after market hours on Monday, 12 October 2015.
Among global events, Greece faces a deadline on Tuesday, 13 October 2015 to repay about 447 million euros ($503 million) in loans to the International Monetary Fund.
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