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The Indian markets began the week on a negative note on the key GST Bill passage turnaround and parliament winter session conflict. But, it was when US FOMC interest rate hike and hawkish stance made emerging markets jittery, however, the aftereffect of this event lasted till the opening tick and thereafter market recovered with full force. This was clear indication that buyers are active at lower levels. US FED guided of 3 rate hikes in 2017 and much more in 2018 and 2019, portraying that US economy is poised for growth over the next few years. The retail inflation which was released during the week, post demonetisation last month, came at 3.63% VS 4.2% MoM. The wholesale inflation also moderate for the third straight month as it fell to 3.15% in November. In the coming week there are few important global events lined up like the Bank of Japan interest rate decision scheduled on Tuesday after the recent FOMC outcome shall be keenly watched by the global participants. In addition the US and UK GDP numbers clubbed with other data scheduled in coming week, may provide some cues to the listless market.

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