INDIAN BENCHMARKS ended at a record closing high on Friday as foreign investors continued to pile into domestically oriented blue-chips such as Asian Paints Ltd amid a slide in crude oil prices and data showing easing wholesale inflation. Data on Friday showed the wholesale price index rose an annual 1.77 percent last month; it’s slowest since September 2009, while data on Wednesday showed consumer prices rose at the slowest rate on record.
India will also benefit from Brent sliding below $77 per barrel to its four-year low, as it imports more than two-thirds of its fuel requirements.
The INDIAN BENCHMARKS SENSEX ended 0.38 percent higher at 28046.66 and the 50- share NIFTY ended 0.38 percent up at 8389.90.
GLOBAL MARKET CHASE
ASIAN STOCKS Nikkei has retreated from the seven-year high mark as investors turned cautious ahead of the release of GDP data and is currently trading flat with a negative bias.
U.S. STOCKS posted a fourth straight week of increases but ended little changed as losses in healthcare shares offset gains in energy.
EUROPEAN STOCKS fell back and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.
WEEK AHEAD
In the coming week, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate near term trend on the bourses.
All eyes will be on the G-20 meet on Saturday, 15 November 2014. The Group of 20 leaders and finance ministers convene for their annual summit in Brisbane, Australia on Saturday, 15 November 2014 with an agenda focused on promoting economic growth and cracking down on loopholes that let multinational companies shift profit to low-tax countries.
Back home, investors' focus will remain on further policy announcements, if any, by the government.
India will also benefit from Brent sliding below $77 per barrel to its four-year low, as it imports more than two-thirds of its fuel requirements.
The INDIAN BENCHMARKS SENSEX ended 0.38 percent higher at 28046.66 and the 50- share NIFTY ended 0.38 percent up at 8389.90.
GLOBAL MARKET CHASE
ASIAN STOCKS Nikkei has retreated from the seven-year high mark as investors turned cautious ahead of the release of GDP data and is currently trading flat with a negative bias.
U.S. STOCKS posted a fourth straight week of increases but ended little changed as losses in healthcare shares offset gains in energy.
EUROPEAN STOCKS fell back and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.
WEEK AHEAD
In the coming week, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate near term trend on the bourses.
All eyes will be on the G-20 meet on Saturday, 15 November 2014. The Group of 20 leaders and finance ministers convene for their annual summit in Brisbane, Australia on Saturday, 15 November 2014 with an agenda focused on promoting economic growth and cracking down on loopholes that let multinational companies shift profit to low-tax countries.
Back home, investors' focus will remain on further policy announcements, if any, by the government.
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