General Trading Chat

September 12, markets worldwide will be keenly listening to Lael Brainard, a governor on the Federal Reserve Board (India time evening?)

September 12, the government will release the August CPI inflation and July IIP numbers. On September 14, the August WPI inflation data will be released and August trade data is expected on September 15-16.

On September 14, the Cabinet may take up for approval the formation of GST Council, the body which will decide the GST rates and mode of implementation.

On September 15, Infosys CEO Vishal Sikka is scheduled to FM Jaitley to make a presentation on GST Network (GSTN).

The government is likely to name a new Deputy Governor at the RBI after Urjit Patel was elevated to Governor’s post.

Companies will pay out the second installment of advance tax on September 15.

September 16, Jaitley will meet heads of public sector banks amidst mounting bad loans. FM may also discuss credit growth and the bad loan situation.

WTF is mkt not falling more???

WTF is mkt not falling more???

A little bird told me this support at 8750 is LIC ki karamat.... Jai ho...

Don't think IIP matters to this market, especially when eventually you are going to get 7 percent plus GDP growth come what may. :lol:

And if IIP numbers are good then Government will either leak it in the noon or publish early. Some spike will come though I'm not sure whether it will sustain.

For those who don't remember, back in '05-07 when our economy was "really" growing plus 7.5% at the time IIP used to be in double digits. Now a days it is considered an achievement if it is in positive. :lol:

Yet job creation at that time overall was -ve...