INDIAN BENCHMARK was led up move by Indian heavy weights like RIL, HDFC, ITC and Infosys. The barometer index, the S&P BSE Sensex, and 50-unit CNX Nifty gained in two sessions and registered losses in two sessions during the week ended October 23, 2015. The Sensex rose 256.21 points or 0.94% to settle at 27,470.81. The gains for the Sensex were higher in percentage terms than those for the Nifty. The Nifty rose 57.30 points or 0.70% to settle at 8,295.45.
GLOBAL MARKET CHASE
ASIAN STOCKS rally on Friday after the European Central Bank signaled its readiness to inject more stimulus, helping the dollar scale a fresh two-month peak against the euro.
U.S. STOCKS futures poised for positive opening at the Wall Street on Friday.
EUROPEAN STOCKS extended a rally on Friday, led by carmakers as investors speculated there could be more monetary support from the European Central Bank ( ECB).
WEEK AHEAD
Investors will closely track the next batch of Q2 results during coming week. Along with the Q2 September 2015 corporate earnings, the focus will also be on guidance from the company managements on outlook for the remaining part of the year and for the next year. Bharti Airtel and HDFC are scheduled to announce their Q2 September 2015 earnings on October 26, 2015
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due at the end of the month.
On political front, assembly elections in the state of Bihar are being held in five phases. Voting for the first phase of the election was held on 12 October and for the second phase on 16 October.
On the global front, the US Federal Reserve's two-day meeting for deliberating on interest rate decision is scheduled on 27 and 28 October 2015. Bank of Japan's (BoJ) meeting on interest rate decision will be held on Friday, 30 October 2015..
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