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Market Weekahead: Focus on current account for Indian stocks

Traders are also eyeing any official announcement on a hike in diesel prices

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Reuters

India's current account data for July-September due on Monday is emerging as the biggest domestic factor amid concerns it will show a record high deficit, leading to a negative balance of payments.

Traders are also eyeing any official announcement on a hike in diesel prices, after local media reported plans to gradually raise fuel prices.

Developments over the U.S. "fiscal cliff" also loom large, with failure to clinch a deal seen hurting global equities.

Among individual stocks, investors also continue to wait for a decision from Gulf carrier Etihad Airways, which has been in talks to buy a partial stake of either Jet Airways or Kingfisher Airlines.

Monday: July-Sept current account deficit, BOP November infrastructure data, fiscal deficit

Wednesday: December manufacturing PMI

Friday: December services PMI

 

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First Published: Dec 30 2012 | 3:36 PM IST

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