Economic data, deveopments in global markets and the reponse to the public offer from Bharti Infratech will set the trend for the Indian stock market in the coming week. Investors will also been keenly following the winter session of the parliament as the government is expected to try and pass some key reforms bills, including those with regard to banking, insurance and pension sectors.
The government won the vote on FDI in multi-brand retail last Friday. The market, with uncertainty about the passage of the bill over now, will see some profit taking in the retail space during the course of next week.
Fairly hectic activity is likely in banking and banking sectors during the course of the comining weak. Realty stocks may see some bright spells, but are most unlikely to hold at higher levels.
Telecom stocks will be in focus. Bharti Airtel's subsidiary Bharti Infratel's initial public offering will open on 11 December, with a price band of Rs 210 - Rs 240 per share. Bharti Infratel is engaged in providing tower and related infrastructure and is among the largest tower infrastructure providers in the country.
The data on industrial ouput for October 2012 on Wednesday, will be realeased on Wednesday (12 December) and the data on wholesale price based inflation is due to be unveiled on Friday (14 December).
Quartery results from India Inc. will be the next major trigger for the market. However, the reporting season is still a few weeks away. Investors are likely to tread somewhat cautiously ahead of release of advance tax payments data, due on Saturday, 15 December, 2012.
On the global front, the US Federal Reserve's interest rate decision will be known on Wednesday. Stocks ended on a mixed note on Friday on Wall Street amid a mixed batch of news. While upbeat employment data lifted sentiment to an extent, worries about the looming fiscal cliff forced investors to refrain from indulging in any big buying.