Important Data for Investors to Look out for Today

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Important Data for Investors to Look out for Today
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- The Indian markets including the Nifty and BSE Sensex might open lower today, especially after the Nifty Futures is trading 0.28% in the negative, on last look. In case the markets end the day in the red, it will end eight consecutive days of gains.

The BSE Sensex gained 316 points while the Nifty soared 118 points yesterday to touch record highs. Alternatively, the Nasdaq gained 2% yesterday driven by a surge in tech stocks while the Dow Jones fell by a marginal 0.08%.

Most Asian indices are also trading lower today, at the time of writing. The Australian S&P/ASX 200 is down 0.23% while South Korea’s KOSPI has fallen 0.17% and Japan’s Nikkei 225 is up 0.5%.

The Indian economy has entered a recession

RBI’s latest statement might also make investors cautious. According to a team of economists, the Indian economy has entered a technical recession after GDP contracted by 8.6% in the quarter ended in September.

The economists noted, “India has entered a technical recession in the first half of 2020-21 for the first time in its history”, according to an article from Economic Times. This detailed report will eventually be published later this month on November 27.

However, RBI also said that the economy may break out of the contraction and return to growth in the December quarter.

What investors should look for today?

Today, macro-economic data will be released for the consumer price index for the month of October. Also, data for industrial production and manufacturing output for the month of September will be released today evening.

Large-cap stocks such as Eicher Motors (NS: EICH ), Grasim Industries (NS: GRAS ), Siemens (NS: SIEM ), and Jubilant Foodworks Ltd (NS: JUBI ) will all be releasing their earnings report today.

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  • Rakesh Prasad @Rakesh Prasad
    Most of the voters dont know what is recession , what is economy. So no matter to majority of indian , so they keep voting to Current govt.
    Like 3
  • Mohan Kumar @Mohan Kumar
    not much info available in ur article compared with others
    Like 5
    • MP VELU @MP VELU
      Too much info will confuse. Less noice is better for calm trade/investment.
      Like 0
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      100

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