FIIs which turned net sellers in Indian Capital markets in August, September and October pulling out nearly Rs 60,000 crore in the last three months turned net buyers in November.
In November this year, 8.91 lakh foreign tourists visited India. A growth of 9.3 per cent over the same month last year, indicating that demonetisation move did not impact the tourists footfall adversely.
Nomura expects the RBI to cut the repo rate by 25 bps to 6 per cent in February and stay on hold thereafter, once the transitory effects start to fade.
There was an unusual excitement about monthly auto sales numbers this time around. Not just equity analysts and investors tracking auto stocks, but economists and corporate circles too were eagerly awaiting November sales data for the first signs of the impact of demonetisation at the ground level.
Eicher Motors, the Royal Enfield maker, said it sold 57,313 units under two-wheeler segment in November. That was a growth of 41 percent compared with 40,769 units sold in year-ago period.
Maruti Suzuki, the country's largest car manufacturer, beat analysts' expectations on November sales front due to strong performance in domestic business.
Equity benchmarks snapped two-day winning streak Thursday with the Nifty closing below 8000 level amid consistent weakness in rupee and expiry of November derivative contracts. Continued disruption in Rajya Sabha by opposition parties over demonetisation also dented market sentiment.
Kotak Securities expects the banking system to face bouts of USD shortage during when these deposits mature, as exporters generally deliver only a part of their contracts and roll over the rest.
The wholesale price index (WPI) for the month of December is likely to come in at -1.07 percent versus -1.99 percent seen for the month of November.
Indranil Pan estimates GDP growth for this fiscal at close to 7.3-7.4 percent and says the growth momentum for FY17 could face challenges unless corporate balance sheets imporve and global growth picks up
Cement, steel, crude oil and natural gas production declined month-on-month, electricity production was unchanged, while fertilizer, refined petroleum products and coal output increased
The country's wholesale inflation, which has been in negative territory for thirteen months now, eased a bit, with the wholesale price index coming in at -1.99 percent in November compared to -3.81 percent in October and versus a forecast of -2.59 percent.
November's expected CPI is likely to inch around 5.38 percent due to base effect of a lower October CPI (3.3 percent).
Samiran Chakraborty of Standard Chartered said the declines in veggie and cereals have been lower than expected, but it is too too early to say if structural bottlenecks have been resolved.
The rise in inflation was expected, but still below the CNBC-TV18 poll estimate of 5.2 percent. The latest IIP reading was way above the expected reading 2.2 percent, according to the average of a poll by CNBC-TV18
Imports of the precious metal stood at USD 835.83 million in the same month in 2013. Both Reserve Bank and government have been saying that CAD levels are comfortable despite an upward trend, but the huge jump in gold imports may cause fresh worries to them.
Corroborating signs of a general economic pick-up, domestic passenger vehicle sales rose 5.42 percent in November to rise to 2.12 lakh, compared to 2.01 lakh in same month last year.
China Nov consumer inflation eases to 1.4%, less than expected. Analysts polled by Reuters had expected annual consumer inflation to be 1.6 percent in November, the same as in October.
In November, Jaguar sold 6,244 units, up 55 per cent reflecting strong demand for XJ and all XF derivatives, JLR said, adding Land Rover sold 31,159 units, up 20 percent.
Seasonally adjusted month-on-month (M-o-M) momentum of exports has slipped 8 percent and if this trend continues, it may not upset the applecart in terms of CAD, but it will hamper growth, say Sajjid Chinoy, Chief India Economist, JPMorgan.
Imports in November fell to USD 33.83 billion versus USD 37.83 billion in October. It was down 16.37percent at USD 33.83 billion (Y-o-Y).
Car sales in India declined for second month in succession with an 8.15 per cent drop in November due to drying up of demand after the festive season.
In terms of number of deals, overall M&As have come down, but excluding internal restructuring there has been growth in M&As.
The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, nudged up to 47.2 last month from 47.1 in October.
Additionally, Shethiya expects the tractor segment to show a robust performance in the days to come and says 10-12 percent tractor growth is achievable.