InvestorQ : What in your view are the major market data points to watch out for in the coming week from 07th November to 11th November?
Arusha Ray made post

What in your view are the major market data points to watch out for in the coming week from 07th November to 11th November?

diksha shah answered.
3 weeks ago

For the coming week, there are several very important triggers in the market. Here is a quick summary of key data points to watch out for.

a) Let me star with the index level cues first. For the previous week, the Nifty closed with +1.86% gains as the markets reacted positively to the hope that Fed would go slow on rate hikes in future. Mid cap index bounced +2.27% for the week while small cap was up +0.85%. This week will see a lot more of moves to alpha specific mid cap names.

b) Here are some of the major large company results that are expected during the week. They include BPCL, Coal India, Divi’s Labs, Paytm, Policybazaar, GCPL, Pidilite, Adani Green, Eicher, JSTL. Also, some key mid-cap results are AB Capital, Affle, BSE, India Cements, KEC, Bosch, BEML, Deepak Nitrite, NH, Aster, Bata. They will set the tone.

c) Commodity stocks will be in focus this week as China trade data is announced. The China trade overall is expected to come down for October due to stringent COVID restrictions. However, its trade machinery has been quite strong due to it being an inevitable part of the global supply chain. Commodity stocks will move based on China trade data.

d) There are some important cues from the US. For instance, the US Mid Term elections are scheduled for both houses on Tuesday, which determines who controls the houses. It will also shape the stand on China and Russia. The all-important US Consumer inflation will be announced on 10th November, which will decide trajectory of Fed rate action.

e) India IIP data for September will be announced on Friday 11th Nov. it may be recollected that for the previous month the IIP had actually contracted by -0.8% due to manufacturing stress. One more point to remember is that this is a truncated week of trading since Tuesday is a non-trading day on account of Guru Nanak Jayanti.

f) Four major IPOs will be opening for subscription during the week to raise Rs5,000 crore. These include Five Star Business Finance, Archean Chemicals, Kaynes Tech and Inox Energy. In addition, the week will also see the closure of 2 IPOs viz. Global Health (Medanta) and Bikaji Foods International on Monday while the IPO of DCX Systems will list on the bourses on Friday.

g) It will be a globally data heavy week with key US market data points being FOMC member speak, Crude inventories, CPI and core inflation, jobless claims, Budget, Speculative positions. From other parts of the world, some of the key data points include EU ECB speak, retail sales; Japan household spending, current account; China Trade, CPI, PPI; UK GDP, MPC.