Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the Stock Market, economy, and the corporate world. Here are some important events will be keeping an eye on September 4.
Both Sensex and Nifty ended the last week on a high note, with the S&P BSE Sensex up by 556 points and the Nifty50 up by 182 points. The stock market in the week ahead will be dominated by global and domestic macroeconomic numbers.
Global Indicators
While the US is expected to announce it’s trade balance data, jobs data, and composite PMIs, the UK is also expected to reveal it’s S&P Global Services PMI. Jobs data from the US will provide valuable insights into the Fed’s outlook on the monetary policy. The market is projected to sway on the basis of oil prices and institutional flow. Further, China will release it’s services, composite PMI data along with forex data in the week.
Domestic Indicators
Domestically, the services PMI is expected to be announced on Tuesday, along with composite PMI numbers for August. Additionally, bank loan and deposit growth for the fortnight ended August 25, along with the forex reserves for last week are expected to be revealed towards the end of the week.
IPO Market
The IPO market is expected to witness some action in the week. Three companies in the mainboard segment are estimated to launch their IPOs. Stainless steel products maker Ratnaveer Precision Engineering will open its IPO for bidding from September 4-6, and multispecialty healthcare provider Jupiter Life Line Hospitals is expected to receive bidding for the issue between September 6-8. Vishnu Prakash R Punglia will make it’s debut in the market on September 5.
news.abplive.com
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