RBI's monetary policy, industrial production data, the trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar, and crude oil price movement will dictate trend on the bourses in the next week. Indian stock market remains closed on Thursday, 2 April 2015, on account of Mahavir Jayanti. The stock market remains closed again on Friday, 3 April 2015, on account of Good Friday.
The Reserve Bank of India (RBI) announces the first bi-monthly Monetary Policy for 2015-16 on Tuesday, 7 April 2015. The RBI had surprised financial markets by announcing reduction in its benchmark lending rate viz. the repo rate by 25 basis points to 7.5% in an unscheduled monetary policy review on 4 March 2015. Earlier, the RBI had on 15 January 2015 announced a cut in the repo rate by 0.25% to 7.75%.
The government will unveil industrial production data for February 2015 on Friday, 10 April 2015.
The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2015.
World markets will on Monday, 6 April 2015 react to the influential monthly US nonfarm payroll data which the US government will announce on Friday, 3 April 2015. The US government will also announce the payroll report for March 2015 on Friday, 3 April 2015. US stock market remains closed on account of Good Friday.
In Europe, developments in Greece will be watched. Reforms proposed by Greece in return for urgently needed bailout cash will be reportedly scrutinised on Wednesday, 1 April 2015 during a Euro Working Group meeting – a group of Eurozone deputy finance officials. No final decision on the reforms will be made at the meeting but approval would be a major step. Reports indicated that a deal could be wrapped up between Greece and its creditors before the end of April 2015. However, Greece has to repay euro 460 million (333 million pound) to the International Monetary Fund by next Thursday, 9 April 2015 a payment that will be watched nervously if no deal is struck by then, reports added.
The Reserve Bank of India (RBI) announces the first bi-monthly Monetary Policy for 2015-16 on Tuesday, 7 April 2015. The RBI had surprised financial markets by announcing reduction in its benchmark lending rate viz. the repo rate by 25 basis points to 7.5% in an unscheduled monetary policy review on 4 March 2015. Earlier, the RBI had on 15 January 2015 announced a cut in the repo rate by 0.25% to 7.75%.
The government will unveil industrial production data for February 2015 on Friday, 10 April 2015.
The next major trigger for the Indian markets is Q4 results of India Inc. The Q4 results season starts during second week of April 2015.
World markets will on Monday, 6 April 2015 react to the influential monthly US nonfarm payroll data which the US government will announce on Friday, 3 April 2015. The US government will also announce the payroll report for March 2015 on Friday, 3 April 2015. US stock market remains closed on account of Good Friday.
In Europe, developments in Greece will be watched. Reforms proposed by Greece in return for urgently needed bailout cash will be reportedly scrutinised on Wednesday, 1 April 2015 during a Euro Working Group meeting – a group of Eurozone deputy finance officials. No final decision on the reforms will be made at the meeting but approval would be a major step. Reports indicated that a deal could be wrapped up between Greece and its creditors before the end of April 2015. However, Greece has to repay euro 460 million (333 million pound) to the International Monetary Fund by next Thursday, 9 April 2015 a payment that will be watched nervously if no deal is struck by then, reports added.
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2 comments:
Sir,gud morning..cordscable given to members...is this stock for trade or it comes under multibagger for long term..please guide us
It is for the long term but I wont release it at the moment. There are few queries and only once its clarified with the management then ill release it. For now even Members have exited.
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