Stock Market will be weighed down by inflation numbers and IIP ,Market will recover on optimistic results
: Indian Stock Market will be weighed by The Index of Industrial Production and Inflation and also will recover on optimistic results in this week here we give detailed information below. IIPSecurities markets may have a negative trade balance rather because of the inflation data for the consumption of the disappointing industrial production this week, but can be restored at the end of the week because of the positive results of heavyweights the index as TCS,RIL and HDFC Bank. "Donations to the top of the 6180 can test this week and at the bottom, it has a strong support in 5900," said AK Prabhakar, senior vice president, equity research at AnandRathi financial services.
The index of industrial production (IIP) May fell 1.6 percent, compared with growth of 2.3 percent in April, well below market expectations of 1.4 percent. Analysts fear that this could be directly related to the first quarter GDP numbers.In a disappointment, the price index (CPI) also rose slightly to 9.87 percent in June, compared with 9.31 percent in May, in the hope of reducing of aggressive lowering of interest rates by the Reserve Bank of India. The government will release wholesale inflation in June Monday and markets expect the figure is about 4.8 percent, against 4.7 percent in May. "We expect markets to remain volatile in the future, the biggest concern in the markets is to stimulate economic growth," said S Naren, chief investment officer of the Criminal Code of ICICI Prudential.
U.S. Federal Reserve Chairman Ben Bernanke will deliver in Washington on 17 and July 18. Testimony on monetary policy Global markets will follow this event. Markets rally after the release of the minutes of the meeting of the Fed's June the central bank hinted Thursday on a new round of quantitative easing in the future. The key to the efficiency of the market is the investment activity of foreign institutional investors (FIIs). So far they have Rs 270 crore worth of shares were sold in July, after selling 11,000 crore in June
"The data in wholesale inflation, the performance of the banking sector, and China's GDP in the second quarter results will be closely monitored markets. We worried remain on the movement of crude oil prices, because it directly on figures for the deficit India's negative current account, "said Sanjeev Zarbade, vice president at Kotak Securities. U.S. crude oil futures hit 15 months to above $ 107 a barrel on Thursday after U.S. stocks fell for the second consecutive week. The fall of the rupee (which has a layer of 61 to the dollar reached) and rising oil prices could further worsen the deficit on the current account of India (CAD) and the balance of payments as India imports 80 percent of its oil needs .
: Indian Stock Market will be weighed by The Index of Industrial Production and Inflation and also will recover on optimistic results in this week here we give detailed information below. IIPSecurities markets may have a negative trade balance rather because of the inflation data for the consumption of the disappointing industrial production this week, but can be restored at the end of the week because of the positive results of heavyweights the index as TCS,RIL and HDFC Bank. "Donations to the top of the 6180 can test this week and at the bottom, it has a strong support in 5900," said AK Prabhakar, senior vice president, equity research at AnandRathi financial services.
The index of industrial production (IIP) May fell 1.6 percent, compared with growth of 2.3 percent in April, well below market expectations of 1.4 percent. Analysts fear that this could be directly related to the first quarter GDP numbers.In a disappointment, the price index (CPI) also rose slightly to 9.87 percent in June, compared with 9.31 percent in May, in the hope of reducing of aggressive lowering of interest rates by the Reserve Bank of India. The government will release wholesale inflation in June Monday and markets expect the figure is about 4.8 percent, against 4.7 percent in May. "We expect markets to remain volatile in the future, the biggest concern in the markets is to stimulate economic growth," said S Naren, chief investment officer of the Criminal Code of ICICI Prudential.
U.S. Federal Reserve Chairman Ben Bernanke will deliver in Washington on 17 and July 18. Testimony on monetary policy Global markets will follow this event. Markets rally after the release of the minutes of the meeting of the Fed's June the central bank hinted Thursday on a new round of quantitative easing in the future. The key to the efficiency of the market is the investment activity of foreign institutional investors (FIIs). So far they have Rs 270 crore worth of shares were sold in July, after selling 11,000 crore in June
"The data in wholesale inflation, the performance of the banking sector, and China's GDP in the second quarter results will be closely monitored markets. We worried remain on the movement of crude oil prices, because it directly on figures for the deficit India's negative current account, "said Sanjeev Zarbade, vice president at Kotak Securities. U.S. crude oil futures hit 15 months to above $ 107 a barrel on Thursday after U.S. stocks fell for the second consecutive week. The fall of the rupee (which has a layer of 61 to the dollar reached) and rising oil prices could further worsen the deficit on the current account of India (CAD) and the balance of payments as India imports 80 percent of its oil needs .
No comments:
Post a Comment