MARKET EYE WEEKAHEAD - Volatile week in store for Indian stocks

REUTERS - Indian stocks could face volatility next week as investors gauge global market reaction to the Federal Reserve Governor Ben Bernanke's speech at Jackson Hole.

Only domestic minor economic data is on tap, with inflation and industrial output due later in September, while the Reserve Bank of India's policy review is on September 17.

Investors are still concerned about the gridlocked parliament, which is dashing hopes for policy reforms. India on Friday said its fiscal deficit for April-June already reached 51.5 percent of the full fiscal year target.

Annual general meetings at select blue chips will also be eyed.

India's stocks are technically vulnerable to further falls after the NSE index ended below the 50-day moving average. A breach of support seen at 5,250-5,220 exposes the index to further falls to 5,050, technical traders said.


Updated Date: Sep 01, 2012 01:16 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See