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Sunday, September 04, 2011
Market to take cues from global equities
On Monday, 5 September 2011, Indian stocks will react to US employment report for August 2011 due on Friday, 2 September 2011. Economists expect US non-farm payrolls to rise by a paltry 46,000 after a less-than-impressive 117,000 rise in July 2011. The unemployment rate is forecast to remain unchanged at 9.1%. The US market remains closed on Monday, 5 September 2011, for the Labour Day holiday.
Markets surge 6% after 5-week fall
The Indian markets had a good time this week as investors went bargain hunting. The Sensex was outperformer of the week
Major news for the week
Q1FY12 GDP at 7.7% versus 9.3% yoy
RBI may hike rates as food inflation hits double digits
Exports rise 82% in July
RBI issues guidelines for new bank licences
India’s PMI falls to 52.6 in August
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