InvestorQ : What are the major triggers that you see for the stock markets for the trading week starting on 18 January?
Angel dcosta made post

What are the major triggers that you see for the stock markets for the trading week starting on 18 January?

diksha shah answered.
2 years ago

Here are some key market triggers that will impact the trading and investment scenario in the coming week.

· Nifty and Sensex held 14,400 and 49,000 levels respectively. Options data hints at Nifty in range of 14,000 to 14,600 with a sharply higher VIX levels due to pre-budget volatility.

· For the month of Dec-20, CPI inflation came in at a multi-quarter low of 4.59% which should boost prospects of RBI sustaining its accommodative stance.

· Despite IIP coming lower at -1.9%, the higher trade deficit led by non-oil imports in Dec-20 signals a likely pick-up in IIP in the coming months

· HDFC Bank Q3 results were positive on the growth and the asset quality front and that is likely to be sentimentally a positive for banks in India.

· Over 190 companies including Bajaj Auto, L&T, Asian Paints, SBI Life, HDFC Life, SBI Cards & Ultratech to announce results during the week and set tone for markets

· Markets will be watching Reliance Industries for triggers on ARPUs, GRMs and petchem margins when RIL announces its results on 22 January

· Talking about COVID risk to markets, a lot will depend on the success of the vaccination scheme which will cover 30 crore frontline persons in the first round in India

· Two big IPOs, IRFC and Indigo Paints will raise around Rs.5,800 crore between them. It will be a good gauge of the appetite for IPOs among investors in India

· FPI infused Rs.17,000 crore in January till date in first two weeks and traders can look forward to aggressive pre-budget buying setting into specific sectors in the economy.

· As Joe Biden takes over as the next US President on 20-Jan, the focus will be on the trajectory of the $1.9 trillion stimulus and the US stance on China and immigration

· Key Asian data points for the week include Japan IIP, BOJ meet, Japan PMI, China IIP and China retail sales and GDP numbers. Key US and European cues include US jobless claims, PMI, home sales, EU inflation, ECB rates decision and EU PMI numbers