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We expect a range of 63.(Rohit Vaid can be contacted at [emailprotected])IANSrv/nirPost Source: Ians feed. The Indian rupee strengthened by 23 paise on a week-on-week basis to close at 63.Last week, global cues and sustained outflow of foreign funds dragged the key equity indices in the red after three consecutive weeks of gains.After large outflows of foreign funds, even domestic funds slowed down last week.Figures from the National Securities Depository (NSDL) revealed that foreign portfolio investors (FPIs) divested equities worth Rs 3,409.Similarly, the NSE Nifty50 closed at 9,934. A strong macro story and positive risk environment will continue to favour rupee.64 per cent to 31,687.The CPI numbers will be followed by that of foreign trade figures and the release of WPI (Wholesale Price Index) data on September 14.52 points from its previous weeks close.Market observers pointed out that investors would take cues from the upcoming macro-economic inflation and industrial production data points.Global geo-political development, especially the one taking place in the Korean peninsula, will be keenly followed by the investors, Devendra Nevgi, the Zyfin Advisors Chief journal pad Executive, said.Besides the macro-economic data, geo-political developments and a slowdown in domestic investment flows are likely to make investors nervous.51 crore.By Rohit VaidMumbai, Sep 10 (IANS) Macro-economic data points and the direction of foreign funds flow are expected to influence sentiments of investors and set the tone for the Indian equity markets in the upcoming week, feel senior analysts.70 to 64.

But, foreign institutional investors (FIIs) continued with their selling spree and off-loaded stocks worth Rs 3,426.On technical levels, the NSE Nifty is in a consolidation phase in a range of 9,861-9,983 points, according to Deepak Jasani, Head Retail Research, HDFC Securities.Provisional figures from the stock exchanges showed that DIIs (domestic institutional investors) bought scrips worth Rs 1,210.13 crore, or 531 million, during September 4-8. This trend needs to be tracked as high prices, which are based mostly on PE expansion, might not sustain on such levels with a slowdown in domestic flows, Nevgi explained.Other important factors such as the geo-political situation in the Korean peninsula, rupees movement and governments measures to tackle the non-performing assets (NPAs) will also have a major bearing on the stock markets.80 points, down 39.02-03.Further directional cues are likely to emerge on a move beyond this range, Jasani said.

These are expected to have a major impact on the markets, Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.20 over the near-term on spot, Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, told IANS.6 points or 0.The Central Statistics Office (CSO) will release the IIP (Index of Industrial Production) and CPI (Consumer Price Index) data points on September 12, Tuesday.Consequently, the 30-scrip Sensitive Index (Sensex) of the BSE declined by 204.12 crore last week.In addition to investments, Indian currencys movement against the US dollar would be closely watched by investors.71 points or 0.These macro-economic data points will also be viewed keeping an eye out on the earnings growth.Next week is going to be data heavy with the release of CPI, IIP and WPI.4 per cent.79 to a US dollar from its previous weeks close of 64

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