Macroeconomic data, global cues to dictate market trend
Macroeconomic data, trend in global markets, trend in investment activity from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term.
On Monday, 4 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for December 2015. The seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to a 25-month low of 50.3 in November 2015. The reading of 50 separates contraction from expansion.
On Wednesday, 6 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's services sector for December 2015. The seasonally adjusted Nikkei Services Business Activity Index fell to 50.1 in November from October's eight-month high reading of 53.2, pointing to slowdown in growth in India's services sector.
Among key global data, the Caixin China manufacturing PMI data for December 2015 is due on Monday, 4 January 2016. The Caixin China manufacturing PMI, a private gauge, rose to 48.60 in November 2015 from 48.30 in October 2015. A reading below 50 indicates contraction.
On Wednesday, 6 January 2016, the Caixin China services PMI data for the month of December 2015 is due. The Caixin China services PMI dropped to 51.2 in November 2015 from a three-month high of 52 in October 2015. On the same day, the Eurozone Markit PMI composite index for the month of December 2015 is also due.
In the United States, the crucial non-farm payrolls data for the month of December 2015 is due on Friday, 8 January 2016.
On Monday, 4 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for December 2015. The seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to a 25-month low of 50.3 in November 2015. The reading of 50 separates contraction from expansion.
On Wednesday, 6 January 2016, Markit Economics will unveil the outcome of a monthly survey on India's services sector for December 2015. The seasonally adjusted Nikkei Services Business Activity Index fell to 50.1 in November from October's eight-month high reading of 53.2, pointing to slowdown in growth in India's services sector.
Among key global data, the Caixin China manufacturing PMI data for December 2015 is due on Monday, 4 January 2016. The Caixin China manufacturing PMI, a private gauge, rose to 48.60 in November 2015 from 48.30 in October 2015. A reading below 50 indicates contraction.
On Wednesday, 6 January 2016, the Caixin China services PMI data for the month of December 2015 is due. The Caixin China services PMI dropped to 51.2 in November 2015 from a three-month high of 52 in October 2015. On the same day, the Eurozone Markit PMI composite index for the month of December 2015 is also due.
In the United States, the crucial non-farm payrolls data for the month of December 2015 is due on Friday, 8 January 2016.
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