INDIAN BENCHMARKS witnessed marginal gains for the week ended September 12, 2014 as advances were capped by concerns that FIIs may slowdown their purchases. Growth rate of Industrial Production slowed to 0.5% versus 3.4% in the month of June. The Consumer Price Index based inflation has declined to 7.8% in August from 7.96% in July.
Sun Pharmaceutical Industries fell on US drug regulator's surprise audit at the pharma major's Halol facility in Gujarat. Shares of tyre companies were up 1-3% as lower raw material costs on account of weak natural rubber and declining crude oil prices would boost margins going forward.
The INDIAN BENCHMARKS SENSEX ended 65 point up at 27061 and the 50-share NIFTY closed 19 point up at 8105.
GLOBAL MARKET CHASE
ASIAN STOCKS rose for the fifth straight session to end at an eight-month high, with exporters leading the gains on the yen's weakness.
U.S. STOCKS poised for a higher opening at the Wall Street.
EUROPEAN STOCKS higher but remained in a tight range, as investors refrained from taking strong bets on stocks ahead of Scotland's referendum and the U.S. Federal Reserve's policy.
WEEK AHEAD
The government will release the inflation data based on the Wholesale Price Index (WPI) for August 2014 at 12 noon on September 15, 2014.
State run oil marketing companies will be in focus as PSU OMCs will review fuel prices on September 16, 2014 based on the average imported oil price in the previous fortnight. PSU OMCs review fuel prices on 1st and 16th of every month based on the average imported oil price in the previous fortnight.
Further, stock specific movement could be seen after second instalment of advance tax payments by corporates on are released on Monday, September 15.
A policy meeting of the Federal Open Market Committee (FOMC) will be held on 16 and 17 September 2014.
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Sun Pharmaceutical Industries fell on US drug regulator's surprise audit at the pharma major's Halol facility in Gujarat. Shares of tyre companies were up 1-3% as lower raw material costs on account of weak natural rubber and declining crude oil prices would boost margins going forward.
The INDIAN BENCHMARKS SENSEX ended 65 point up at 27061 and the 50-share NIFTY closed 19 point up at 8105.
GLOBAL MARKET CHASE
ASIAN STOCKS rose for the fifth straight session to end at an eight-month high, with exporters leading the gains on the yen's weakness.
U.S. STOCKS poised for a higher opening at the Wall Street.
EUROPEAN STOCKS higher but remained in a tight range, as investors refrained from taking strong bets on stocks ahead of Scotland's referendum and the U.S. Federal Reserve's policy.
WEEK AHEAD
The government will release the inflation data based on the Wholesale Price Index (WPI) for August 2014 at 12 noon on September 15, 2014.
State run oil marketing companies will be in focus as PSU OMCs will review fuel prices on September 16, 2014 based on the average imported oil price in the previous fortnight. PSU OMCs review fuel prices on 1st and 16th of every month based on the average imported oil price in the previous fortnight.
Further, stock specific movement could be seen after second instalment of advance tax payments by corporates on are released on Monday, September 15.
A policy meeting of the Federal Open Market Committee (FOMC) will be held on 16 and 17 September 2014.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
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