INDIAN BENCHMARKS BSE index fell for a fifth session in six on post its worst weekly loss in three years as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel. Wrapped up the week ended in the red zone led by weak global environment. The Sensex was down by 3.26% and the Nifty fell 3.68% for the week ended.
The INDIAN BENCHMARKS SENSEX ended 0.9 percent lower at 27350.68 and the 50- share NIFTY ended 0.8 percent down at 8224.10.
GLOBAL MARKET CHASE
ASIAN STOCKS got a lift on after upbeat U.S. spending data suggested weaker oil prices have some upside for the American economy, though a continued slide in crude prices kept gains in check and heralded a gloomy opening for Europe markets.
U.S. STOCKS falling oil prices slammed U.S. stocks on stoking concerns that assets in general may be overvalued in wake of years of ultra-loose monetary policy, with disappointing U.S. and Chinese data adding to the day's selloff.
EUROPEAN STOCKS were sharply lower on led by losses in the financial sector as well as among energy stocks as the Organization of the Petroleum Exporting Countries latest report continued to weigh.
WEEK AHEAD
Indian debt could extend recent gains after data showed November CPI at the lowest on record meanwhile, industrial output in October unexpectedly shrank. But USD/INR and shares seen more volatile due to recent tumble in global markets on the back of a slide in oil price, India due to publish trade data for November, likely sometime next week, U.S. Fed's two-day meeting starts on Tuesday ,Winter session of parliament and government's disinvestment programme for FY15 also to be in focus.
In the coming week, wholesale price index (WPI) inflation data for November 2014, corporate advance tax for the third installment of 15 December and developments in the ongoing winter session of parliament are the domestic factors that will be closely watched during the forthcoming week,
Among global cues, all eyes will be on the outcome of the Federal Open Market Committee (FOMC) monetary policy review and snap election in Japan and Greece's presidential elections.
The INDIAN BENCHMARKS SENSEX ended 0.9 percent lower at 27350.68 and the 50- share NIFTY ended 0.8 percent down at 8224.10.
GLOBAL MARKET CHASE
ASIAN STOCKS got a lift on after upbeat U.S. spending data suggested weaker oil prices have some upside for the American economy, though a continued slide in crude prices kept gains in check and heralded a gloomy opening for Europe markets.
U.S. STOCKS falling oil prices slammed U.S. stocks on stoking concerns that assets in general may be overvalued in wake of years of ultra-loose monetary policy, with disappointing U.S. and Chinese data adding to the day's selloff.
EUROPEAN STOCKS were sharply lower on led by losses in the financial sector as well as among energy stocks as the Organization of the Petroleum Exporting Countries latest report continued to weigh.
WEEK AHEAD
Indian debt could extend recent gains after data showed November CPI at the lowest on record meanwhile, industrial output in October unexpectedly shrank. But USD/INR and shares seen more volatile due to recent tumble in global markets on the back of a slide in oil price, India due to publish trade data for November, likely sometime next week, U.S. Fed's two-day meeting starts on Tuesday ,Winter session of parliament and government's disinvestment programme for FY15 also to be in focus.
In the coming week, wholesale price index (WPI) inflation data for November 2014, corporate advance tax for the third installment of 15 December and developments in the ongoing winter session of parliament are the domestic factors that will be closely watched during the forthcoming week,
Among global cues, all eyes will be on the outcome of the Federal Open Market Committee (FOMC) monetary policy review and snap election in Japan and Greece's presidential elections.
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