InvestorQ : What are the major stock market clues you see that will impact markets in the next week starting on 06-December?
ishika Banerjee made post

What are the major stock market clues you see that will impact markets in the next week starting on 06-December?

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diksha shah answered.
5 months ago
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Here are some of the major cues you must watch out for in the coming week.

· With 4 Omicron cases in India, the progress will be closely watched for likelihood of more restrictions impacting production. The Omnicron also resulted in oil falling below $70/bbl in Brent market and FPIs again selling Rs.15,200 crore of equities in the week.

· In terms of lag effect of major macro cues, GDP and PMI boosted market sentiments as Nifty and mid-caps gained over 100 bps during the week. This week, the big data point will be the IIP release on 10-Dec, Friday for signals of manufacturing growth revival.

· Big news for the week will be the monetary policy on 08-December. After the hawkishness shown by the Fed, it is expected that RBI may either hike the reverse repo rates or put the accommodative stance on hold. Either ways, an important policy.

· IPO market remains in a state of flux. Paytm got its first buy report after listing from Dolat Capital and that is likely to boost sentiments. However, Star Health IPO falling nearly Rs.839 short of targeted IPO collections will weigh on large IPO issues.

· The coming week is likely to be busy for the IPOs. Four IPOs will open this week including Metro Brands, MapmyIndia, Rategain Travel and Shriram Properties. From last week, Anand Rathi Wealth IPO will close while Star Health will list on 10th December.

· Futures & Options data on call and put writing hints at a narrow range of 17,500 on the upside and 17,000 on the downside. The story of Nifty taking support at 17,000 was underlined last week and the sharp fall in VIX also hints at a buy-on-dips market.

· Major US data points include vehicle sales, non-farm productivity, MBA mortgage applications, jobless claims, inflation. Rest of the world data focus on EU Q3 GDP estimates; Japan GDP, household spending, machine tool orders; China PPI and inflation.

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