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Week Ahead: Focus on current account for Indian stocks

Source : REUTERS
Last Updated: Sun, Dec 30, 2012 03:59 hrs
Stock brokers trade in brokerage firm in Kolkata

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 U.S. "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.


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