Week In Retrospect - December 8, 2012 - Microsec

Indian benchmark indices moved up marginally over last week. Markets ended on a soft note on the back of the passage of the multi brand retail bill in both houses of the Parliament. The UPA government won vote on FDI in multi-brand retail in the both the houses. Now investors are waiting for how Winter session of the Parliament pan out ahead.

On domestic front, India's Manufacturing PMI expanded at its fastest pace in five months in November 2012. Index rose to 53.7 in November from 52.9 in October.

On global front, Chinese Manufacturing PMI rose to the highest level in seven months. Index recorded a value of 50.6 compared with its previous month's reading of 50.2.

The U.S. Unemployment Rate fell to its lowest since December 2008 at 7.7 percent, with the economy adding 146,000 jobs in November.

The U.S. Initial Jobless Claims fell by 23K to a seasonally adjusted 370K in the week ended December 1, 2012 from 393K (revised) in the previous week.

Source : Equity Bulls

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