Samvat 2072 to see a weak opening on dismal macrodata, global cues

Asian shares are bleeding in red amid sharp decline in commodity prices

Markets are likely to open the last trading session of the truncated week on a weak note on the back of disappointing macroeconomic data with industrial growth falling to a four-month low of 3.6 per cent in September and the Consumer Price Index-based (CPI) inflation for October rising to five per cent - the highest in four months.

Meanwhile, Asian stocks are trading lower today mirroring losses in the Wall Street amid sharp decline in the commodity prices while fear of an interest rate hike in the month of December dampened the sentiments.

STOCKS ON THE RADAR

SpiceJet reported a Rs 23.8 crore net profit in the September quarter of 2015-16 on lower fuel costs and higher other income as against a loss of Rs 310 crore in same period a year ago

Axis Bank, Kotak Mahindra Bank and YES Bank are likely to remain in focus post the central government’s decision to ease foreign investment limits in the sector.

Tata Steel received green nod for expansion as well as setting up of two units at its Joda plant in Keonjhar district, Odisha, entailing an investment of over Rs 185 crore.

Country's largest mortgage lender, HDFC will issue $ 750 million rupee-denominated bonds, also known as 'Masala' bonds, to overseas investors to improve financing prospects for domestic infrastructure projects. 

State-owned CIL has invited bids from international companies to set up a coal washery in Jharkhand.

Italian car designer Pininfarina expects to reach a deal to be acquired by Indian automaker Mahindra and Mahindra in the next few weeks 

Unitech’s sales bookings remained flat at Rs 524 crore in the first six months of this financial year due to demand slowdwon in the property market. 

NALCO reported a 33.78 per cent decline in its net profit to Rs 226.14 crore for the quarter ended September 30. 

GLOBAL MARKET

Asian shares are trading lower after a sharp decline in commodity prices on concerns that sluggish global growth may worsen the supply glut, while the investors remain edgy that the US Federal Reserve may hike interest rates in the month of December. Meanwhile, crude oil prices hit two-and-a-half-month lows on Thursday on oversupply glut.

Japan's Nikkei, Hong Kong's Hnag Seng and China's Shanghai Composite have slumped between 1.2-2.5%.

Investors are likely to keenly await US data on imports and exports, foreign reserves and PPI numbers, scheduled today. Investors will watch out for the Japanese industrial production numbers for September and euro zone's GDP data for the September quarter.