National Statistics Office - Latest News Update, Information, Photos & Videos on National Statistics Office at Lokmat Times

Additionally, the rupee's movement against the American dollar and the progress of US-China trade deal as well as crude oil price fluctuations will impact investors' risk-taking appetite."The major trend which is developing is a rally in the commodity markets, especially metals. The US dollar has begun to see overhead supply, EU economic data is improving. A phase 1 US-China trade deal and dovish US Fed may make this trend more visible," Edelweiss Professional Investor Research's Chief Market Strategist Sahil Kapoor told ."As suggested earlier, Nifty has entered a consolidation phase which played out last week. It now seems that fresh upmove may begin as we enter deeper into December month."In terms of macro-data, investors will look forward to the release of industrial production, retail and wholesale inflation figures next week.These data points hold significance as the Reserve Bank in its last monetary policy kept lending rates intact thereby prioritising rising inflation over grim economic growth.Next week, the National Statistics Office is slated to release the macro-economic data points of Index of Industrial Production and Consumer Price Index on December 12, followed a day later by Wholesale Price Index and India's November trade figures."We expect the inflation to remain close to or above 5 per cent by March 2020, which means that a rate cut in the next MPC in February 2020 is highly unlikely," Motilal Oswal Financial Services' Retail Research Head Siddhartha Khemka said."We continue to maintain that there will be no more rate cuts unless inflation falls back towards 4 per cent. Thus there is a good probability of a prolonged pause over the next 3-4 quarters."Apart from macro-data economic data points, rupee's movement against the US dollar will influence investors' sentiments.According to Sajal Gupta, Head Forex and Rates, Edelweiss Securities, unlike last week the rupee might not exhibit any further strength.The Indian currency is expected to range from 71.10-71.80, next week from its previous close of 71.1950.In addition, technical charts showed that National Stock Exchange's Nifty50 entered into an 'Engulfing Bear' candle formation suggesting bearishness."Last hope for bulls is placed at 11,880, if index breaches that level then further lower levels is possible in the index," HDFC Securities' Retail Research Head Deepak Jasani said."On failure to do this, index may show positive or sideways movements in the next week."(Rohit Vaid can be contacted at rohit.v@.in)( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

National Statistics OfficeFOLLOW

National statistics office, Latest News

Politics :Mongolia's GDP expands 7.9% in Q1

Ulan Bator, May 17 Mongolia's gross domestic product (GDP) expanded by 7.9 per cent year-on-year in the first ... ...

International :India's per capita income doubles since 2014-15

New Delhi, March 6 Since 2014-15 when the NDA government came to power at the Centre, the nation's ... ...

Business :RBI cuts real GDP growth projection to 7.2 pc for FY 23

While maintaining an accommodative stance, the Reserve Bank of India (RBI) on Friday cut the real Gross Domestic Product (GDP) growth projection for the current Financial Year 2022-23 to 7.2 per cent, against the earlier projection of 7.8 per cent. ...

Politics :Implement 'One Nation One Ration Card' for migrant workers, SC to states

New Delhi, June 29 The Supreme Court noted on Tuesday that there are around 38 migrant workers in ... ...

Business :Macro-data, growth pangs to drive equity indices' trajectory (Market Outlook)

Macro-economic data points along with the direction of foreign fund flows and US Fed's monetary policy are expected to influence the Indian equity market's trajectory next week, analysts opined. ...