Pre Session- Subdued opening on the cards; US jobs data eyed
05/12/2014 08:33
The key domestic benchmarks are likely to open on a subdued note tracking a mostly weak trend across Asia as investors stick to a cautious approach ahead of the US jobs data to be released today which may show that the world’s biggest economy added more than 200K jobs for the tenth straight month in November. Overnight, Wall Street closed flat as the European Central Bank (ECB) refrained from taking any immediate policy easing measures despite loud calls for sovereign bond purchases. China’s Shanghai Composite tumbled amid profit booking after a massive rally in previous sessions, Hang Seng rose while Japan’s Nikkei 225 fell on caution ahead of US labour market data. Back home, the Sensex may see some consolidation after rising to record highs in recent sessions as investors eye more progress on key reforms such as changes in land acquisition law and labour market regulations, coupled with GST enforcement which is expected to boost growth.
05/12/2014 08:33
The key domestic benchmarks are likely to open on a subdued note tracking a mostly weak trend across Asia as investors stick to a cautious approach ahead of the US jobs data to be released today which may show that the world’s biggest economy added more than 200K jobs for the tenth straight month in November. Overnight, Wall Street closed flat as the European Central Bank (ECB) refrained from taking any immediate policy easing measures despite loud calls for sovereign bond purchases. China’s Shanghai Composite tumbled amid profit booking after a massive rally in previous sessions, Hang Seng rose while Japan’s Nikkei 225 fell on caution ahead of US labour market data. Back home, the Sensex may see some consolidation after rising to record highs in recent sessions as investors eye more progress on key reforms such as changes in land acquisition law and labour market regulations, coupled with GST enforcement which is expected to boost growth.
