What in your opinion could be the major weekly cues for the stock markets in the week beginning on 28 September?

It is likely to be a busy week with a lot of data flows bunched in one week, 3 IPOs and two IPO listings all compressed into a single week. Here is what will drive markets this week.

· Farm bill protests look set to continue even as the government is holding firm on the Farm Bill implementation. With SAD withdrawing support, it could be hard times.

· Can the listing of Chemcon and CAMS IPOs on Oct 01 recreate the listing magic of Route Mobile and Happiest Minds? That will remain the million dollar question.

· A total of 8 IPOs will have hit the market in September 2020 with UTI AMC, Mazagon Docks and Likhitha Infra to open on September 29.

· Markets look out for the Rs.30,000 crore stimulus packages from government even as the US has been non-committal on the big fiscal stimulus.

· Indian COVID recoveries are finally faster than afflictions but the Indian markets could be spooked by the relapse in Europe and possibility of more restrictions in India.

· The Vodafone ruling at IAT may be a shock for the government but its response will have larger implications. The response is expected during the week.

· Heavy FII selling at Rs.10,500 crore of equities during the week will be the question mark with FIIs dumping shares on all days of the week due to global uncertainty.

· While rate cuts are almost ruled out in the RBI Monetary policy on October 01, markets will await dovish guidance from the MPC and more accommodative language

· Core sector numbers for August and auto numbers for September could show a bounce on low base and that could be a positively engaging factor.

· Options data indicate sub-11,000 levels on Nifty as rising VIX could work against the Nifty in a range-bound market.

· Big data points this week include fiscal deficit and current account numbers on Sep 30. Higher fiscal deficit for August likely to neutralize any CAD improvement

· Corporate focus shifts to Tata and Reliance groups as Tatas plan a buyout of Mistry stake in Tata Sons and RIL looks to expand its monetization of Reliance Retail.