 "Positive opening seen at D-Street as global stocks shine")
Markets are likely to see a firm opening mirroring strength in the global peers after investors discounted the impact from the Paris attacks. Meanwhile, mixed domestic macroeconomic data, FII stance coupled with movement of rupee and crude oil are likely to dictate the trend on the bourses.
MACRO-ECONOMIC DATA
General wholesale prices fell in October for 12th month in a row by 3.81%, official data released on Monday show.
India’s merchandise exports droppedl for the eleventh consecutive month in October. Exports shrank by 17.53% to $21.35 billion in October, as compared to $25.89 billion in the same period last year, according to data released by the commerce ministry on Monday.
STOCKS ON THE RADAR
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Telecom stocks are likely to hog limelight as the large telecom operators decide to spend Rs 34,000 crore in the current financial year to roll out fourth-generation technology (4G) networks and boost their existing one, to address call drops.
ICICI Bank has decided to sell a six per cent stake in its life insurance venture, ICICI Prudential Life Insurance, to Premji Invest and its affiliates, and Compassvale Investments Pte, a unit of Singapore-based Temasek, for Rs 1,950 crore.
Infosys is eyeing on prominently improving its win rates of large deals, apart from increasing its employee utilisation rates, as part of its growth execution strategy in the medium term. Infosys warned of weaker margins in the December quarter and the second half of the current financial year, weighed down mainly by lower spending by top clients due to the holiday season.
Reliance Infrastructure would commence the Rs 1,263 crore open offer to acquire additional 26 per cent stake in Pipavav Defence and Offshore Engineering Company on December 2.
Haryana Industries Minister Captain Abhimanyu after meeting MD & CEO Kenichi Ayukawa suggested that Maruti Suzuki should set up a skill development centre and driving school in the state.
Food regulator FSSAI moved the Supreme Court against the Bombay High Court order lifting the ban on Maggi noodles in the country.
Coal India has imported about five lakh tonnes of coal so far in the current fiscal for the power producers as their response has not been encouraging.
Arogya Finance has tied up with Dr Reddy's Laboratories for providing medical loans for treatment of Hepatitis C, according to media reports
Talwalkars Better Value Fitness has picked up a majority stake in Chennai-based firm Inshape Health and Fitnez, for an undisclosed sum, the fitness and gymnasium chain announced on Monday.
GLOBAL STOCKS
Asian stocks climbed today taking cues from the Wall Street after investors digested the deadly attacks in Paris while possibility for a rate hike by the Federal Reserve in December kept the dollar on a bullish footing. Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hnag Seng are up between 1-2%.
Wall Street had its strongest session in three weeks on Monday with Paris attacks having a little impact on the US economy and corporate earnings. The Dow rose 1.4% and the S&P 500 surged 1.5%.
