Trading may be choppy in a truncated week

The market may remain volatile next week as investors may continue to book profits after recent run up in share prices. The stock market will remain closed on Tuesday, 2 October 2012, on account of Mahatma Gandhi Jayanti. Automobile and cement stocks will be focus as companies from these two sector start unveiling monthly sales volume data for September 2012 from Monday, 1 October 2012. Shares of aviation firms will also be in focus as state-run oil marketing companies (PSU OMCs) will undertake periodical review prices of jet fuel or aviation turbine fuel (ATF) on Monday, 1 October 2012. Jet fuel or aviation turbine fuel (ATF) typically makes up almost half of an airline's operating cost. Prices of jet fuel are directly linked to crude oil prices. PSU OMCs revise jet fuel prices on the 1st and 16th of every month based on the average international crude price in the preceding fortnight. On Monday, 1 October 2012, Markit Economics will release the HSBC India Manufacturing PMI for September 2012. Grid failures in the beginning of August and shrinking export orders saw manufacturing HSBC India Manufacturing falling to a nine-month low 52.8 points in August 2012 from 52.9 in July 2012. On Thursday, 4 October 2012, Markit Economics will release HSBC India Services PMI and HSBC India Composite PMI for September 2012. The HSBC India Services PMI had risen to a six-month high of 55 in August 2012 from 54.2 in July 2012. Services, including government services like railway transport, make up nearly 60% of India's economic output. The Hong Kong stock market is closed on Monday, 1 October 2012 and Tuesday, 2 October 2012, while mainland Chinese markets are shut the whole of next week for the Golden Holiday week running from 30 September to 7 October 2012.