Global cues to dictate market trend
Macroeconomic data, 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 holiday shortened week ahead. India's stock markets will remain closed on Friday, 25 December 2015, on account of Christmas.
Adani Ports and Special Economic Zone (APSEZ) and Asian Paints will replace Vedanta and Hindalco Industries from the 30-share S&P BSE Sensex with effect from Monday, 21 December 2015.
On the political front, developments in winter session of the parliament will be closely watched. The winter session of the parliament concludes on Wednesday, 23 December 2015. Investors' focus is on whether the Goods and Services Tax (GST) constitutional amendment bill will be passed in the Rajya Sabha. The constitutional amendment bill for the implementation of GST, which subsumes all indirect taxes to create a unified market across the country, has been cleared by the Lok Sabha and is awaiting legislative passage in the Rajya Sabha. A constitutional amendment bill requires a majority of two thirds in the house for its passage. The BJP-led NDA has a comfortable majority in Lok Sabha, but lags in numbers in the Rajya Sabha.
On the global front, the US Q3 GDP data is scheduled to release on Tuesday, 22 December 2015. US new home sales data for the month of November 2015 is slated to release on Wednesday, 23 December 2015. On the same day, China's CB Leading Economic Index for the month of November 2015 is due. Also, UK Q3 GDP data is due on the same day. US initial jobless claims data for the current month is scheduled to release on Thursday, 24 December 2015.
Adani Ports and Special Economic Zone (APSEZ) and Asian Paints will replace Vedanta and Hindalco Industries from the 30-share S&P BSE Sensex with effect from Monday, 21 December 2015.
On the political front, developments in winter session of the parliament will be closely watched. The winter session of the parliament concludes on Wednesday, 23 December 2015. Investors' focus is on whether the Goods and Services Tax (GST) constitutional amendment bill will be passed in the Rajya Sabha. The constitutional amendment bill for the implementation of GST, which subsumes all indirect taxes to create a unified market across the country, has been cleared by the Lok Sabha and is awaiting legislative passage in the Rajya Sabha. A constitutional amendment bill requires a majority of two thirds in the house for its passage. The BJP-led NDA has a comfortable majority in Lok Sabha, but lags in numbers in the Rajya Sabha.
On the global front, the US Q3 GDP data is scheduled to release on Tuesday, 22 December 2015. US new home sales data for the month of November 2015 is slated to release on Wednesday, 23 December 2015. On the same day, China's CB Leading Economic Index for the month of November 2015 is due. Also, UK Q3 GDP data is due on the same day. US initial jobless claims data for the current month is scheduled to release on Thursday, 24 December 2015.
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