The Paris attacks have hurt sentiment for the time being but indices usually stage a smart comeback following knee-jerk reactions. Attacks in France killed 132 people and the threat of terror attacks continues to weigh on sentiment. The Nikkei is down after latest GDP data confirmed Japan’s economy slipped back into recession in the July-September quarter, contracting at a 0.8% annualised rate.
The indices are set to open on a weak note. WPI numbers will be on investors’ radar. The rupee too could remain under some pressure. OMCs will be in focus after IOC hiked petrol price by 36 paise a litre and diesel by 87 paise a litre. Maruti Suzuki will be in action as the company will finally go ahead today with its much-delayed minority shareholders voting to let parent Suzuki invest and own the upcoming plant in Gujarat.
There appears to be no dearth of bad news, IIP slowed in September growing by a mere 3.6%. This is in sharp contrast to the growth of 6.2% recorded in August. Low growth in mining and manufacturing sectors was the culprits for bringing down IIP. CPI-based inflation soared yet again on account of a spike in the price of pulses hitting 5% in October.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment