InvestorQ : What are the major stock market trading cues for the next week starting on 15th November?
ishika Banerjee made post

What are the major stock market trading cues for the next week starting on 15th November?

diksha shah answered.
10 months ago

Here are some of the major trading cues for the coming week.

· Nifty closed above 18,100 and Sensex above 60,000 which is a positive signal. However, banks and pharma were sold into while buying was seen in autos and IT. Higher inflation and durable IIP is likely to make markets cautious about a possible RBI rate hike.

· In the midst of a truncated week, we could a number of important listings. On Monday 15-Nov, SJS Enterprises, Sigachi and Policybazaar will list. Focus will be on Policybazaar and Sigachi. On 18-November, Paytm with 1.89X subscription will also list.

· The week will see two mid-sized IPOs of Tarsons Products and Go Fashions both with an IPO size of above Rs.1,00 crore. FPI response to the IPOs will depend on the Fed language between now and the minutes on 24-November.

· Corporate results season is done and we can look for reactions from late week results like Hindalco, ONGC, Nalco, IPCA, Info Edge, Grasim and Hero Moto. With the results picture getting clear, FPI selling of Rs.4,902 crore this week could get deeper.

· MSCI added 7 Indian companies to its index including Godrej Properties, Zomato, IRCTC, Mindtree, Mphasis, Tata Power and SRF entailing 1.3 billion of inflows. Additionally, trade data and WPI inflation data will be watched for deficit and for producer inflation.

· Call and put accumulation by option writers shows a much narrower yet positive bet in the range of 18,000 to 18,500 on the Nifty. Of course, such ranges could shift drastically if signals of hawkishness come from the Fed or from the RBI.

· Key US data points include Retail Sales, IIP, MBA mortgages, housing starts, building permits and initial jobless claims. Other data to watch will be ECB GDP, construction, inflation; Japan GDP, machinery orders, inflation and also China IIP, retail sales.