The Indian markets ended the Week with decent gains and remained volatile throughout the week. The Sensex rose 1.46% and Nifty gained 1.28% for the week ended October 21, 2016.
GLOBAL MARKET chase
U.S. STOCK index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN SHARES inched higher on Friday, buoyed by a $47 billion tobacco buyout plan and some well-received earning updates from companies including Europe's largest software maker SAP. Asian stocks Asian stocks ended mixed as string of mixed corporate earnings and a drop in oil prices clouded the outlook for the global economy. However, sentiment was supported by the European Central Bank’s indication that its ongoing QE plan may extend beyond the scheduled end date of March 2017.
In the coming week, next batch of Q2 results of India Inc, global macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate market trend in the near term. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month October 2016 series to November 2016 series. The near month October 2016 derivatives contracts expire on Thursday, 27 October 2016. Among global market news, the German Manufacturing Purchasing Managers' Index (PMI) data for October 2016 will be unveiled on Monday, 24 October 2016. US New Home Sales data for September 2016 will be unveiled on Wednesday, 26 October 2016 UK Q3 Gross Domestic Product (GDP) data will be unveiled on Thursday, 27 October 2016. US Core Durable Goods Orders for September 2016 will be unveiled on Thursday, 27 October 2016. US Pending Home Sales for September 2016 will be unveiled on Thursday, 27 October 2016.