InvestorQ : What according to you are the major triggers for the stock market in the coming week starting on 19 July?
Arusha Ray made post

What according to you are the major triggers for the stock market in the coming week starting on 19 July?

diksha shah answered.
1 year ago

Here are some of the key triggers for the coming week starting on 19 July?

· The week once again belonged to small caps which led with gains of 4.2% against just 1.5% for large caps and mid-caps. The action in the coming week is once again likely to be limited only to the small cap space, although 16,000 Nifty could hold the key.

· The week will be about IPOs. Markets will await more details of the forthcoming IPOs of Paytm and LIC. There is the listing of GR Infraprojects and Clean Science on 19 Jul with good GMP signals. Finally, the Zomato allotment and Tatva Chintan subscription are key.

· Key first quarter results expected during the week are ACC, HCL Tech, HDFC Life, ICICI, Asian Paints, Bajaj Auto, HUL, RIL, Ultratech. Markets will also react to the HDFC Bank results, which despite profit growth, saw a sharp spike in non-performing assets.

· Reliance and Mastercard will be in the news in the coming week. Reliance and Just Dial will react to the news of the proposed acquisition deal. Meanwhile, the ban imposed on Mastercard issuing new cards will impact banks like RBL Bank, Yes Bank, HDFC Bank and ICICI Bank, which are predominantly Mastercard issuers.

· The story on the Coronavirus percent performance has bene positive, with recovery rate rising further from 97.20% to 97.31%. While overall cases may be falling, the pressure is still evident in states of Kerala and Maharashtra and this risks longer lockdowns.

· FPIs sold Rs.2,668 crore in the week and Rs.6,924 crore in the month of July so far as the extent of outflows promises to erase the flows of June. In June, the markets had seen net FPI inflows of nearly $2.35 billion, despite Korea and Taiwan seeing FPI pressure.

· VIX 12 indicate that Nifty crossing 16,000 could just be a matter of time and the coming week will be crucial for that level. Even Nifty options accumulation is hinting at a range of 15,800 to 16,000. Heavy call activity is seen all the way to the 16,200 Nifty call.

· Global macro data points include US housing starts, home sales, PMI, ECB rates, PMI Flash, Japan inflation and the outlook from the Bank of Japan meeting