INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic stocks have been dancing to the tune of global developments for some time now
But this week, investors will gear up for the much-anticipated RBI board meet, which could see discussions over a host of issues, including
the liquidity and stringent PCA norms.
The second phase of the state elections in Chhattisgarh, developments over Brexit and crude oil price
movement are all traders would be tracking next week, other than technical charts.
In the week gone by, Nifty50 added 97 points, or 0.92 per
The BSE Sensex ended up the week up 298.61 points, or 0.85 per cent, at 35,457.16.
How the two indices perform next week depends upon the
five events and developments stated below:
RBI board meetWill the RBI and the government reach a middle ground over a host of issues
including stringent rules relating to prompt corrective action (PCA), the economic capital framework, capital adequacy, and availability of
A Bloomberg report suggested that the government has proposed changing rules that will enable closer supervision of central bank
If it is true, the differences between the two may just widen.
The development, the Bloomberg report said, may undermine investor confidence
Second phase of elections in ChhattisgarhTuesday will see the second phase of elections in Chhattisgarh
The first phase of polls on November 12 witnessed a voter turnout of 76.28 per cent
The second phase of polling in 72 seats, out of the 90-member assembly
Chhattisgarh polls will be followed by elections in four states, Madhya Pradesh, Rajasthan, Telangana and Mizoram
The elections will conclude on December 7 and the counting of votes would take place on December 11
oilReuters quoted sources as saying that CIA believes Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal
The development may complicate US President Donald Trump's efforts to maintain ties with the oil producing kingdom
What steps the US administration may have to take against Saudi Prince will have a bearing on crude oil prices
Saudi Energy Minister Khalid al-Falih has already announced the kingdom was cutting its supplies by 500,000 barrels per day from December
Russian President Vladimir Putin too is comfortable with crude prices at $70 a barrel
Were crude prices to reverse recent fall, it may hurt the market sentiment at home
could face a no-confidence vote over her draft European Union divorce deal
But the same day, Michael Gove, the most prominent Brexit-supporting minister, gave his backing to May, saying he would stay on as
environment minister, Reuters reported
What happens in UK will have impact on the euro, the dollar and currencies the world over
In India, recent stability in the rupee has restricted FPI outflows
But uncertainty globally could turn it volatile again, which may or may not be good for the domestic stocks
Eyes on midcap index, moving averagesAnalysts noted that the the midcap index is clearly facing immense selling pressure around its 89-day
in order to take some cues for the next path of journey for our market
other hand would face a cluster of resistance in 10,750-10780, which is also the downside gap area created on October 4, 89-day EMA and
