MARKET EYE - Focus on current account for Indian stocks

WEEKAHEAD-CURRENT-ACCOUNT-SENSEX-NIFTY-STOCK:MARKET EYE WEEKAHEAD - Focus on current account for Indian stocks

December 30, 2012 / 14:35 IST

Market Eye - India's current account data for July-September due on Monday is emerging as the biggest domestic factor amid concerns it will show a record high deficit, leading to a negative balance of payments.

Traders are also eyeing any official announcement on a hike in diesel prices, after local media reported plans to gradually raise fuel prices.

Developments over the US "fiscal cliff" also loom large, with failure to clinch a deal seen hurting global equities.

Among individual stocks, investors also continue to wait for a decision from Gulf carrier Etihad Airways, which has been in talks to buy a partial stake of either Jet Airways or Kingfisher Airlines .

Monday: July-Sept current account deficit, BOP

November infrastructure data, fiscal deficit Wednesday: December manufacturing PMI Friday: December services PMI

first published: Dec 29, 2012 02:31 pm

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