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.
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