InvestorQ : What in your view are the major stock market triggers for the coming week starting on 14th February?
Arusha Ray made post

What in your view are the major stock market triggers for the coming week starting on 14th February?

diksha shah answered.
1 year ago

Here are some of the major cues for the stock markets for the coming week, which can act as cues to watch out for.

· Nifty fell under 1% last week, compared to mid-cap falling 2.3% and Small Cap falling 4.5%. Damage was lower in large caps. Put/call concentration hints at 17,200 and 17,600 Nifty levels but inflation and US Fed minutes could be potential disrupters.

· Bond yields retreated to 6.65% on policy on status quo and will soothe equities in the coming week. For now, all eyes will be on the Minutes of the Fed meeting on 17th February for hints of pace and intensity of Fed rate hikes planned.

· Brent crude crossed $94.40/bbl on Friday and is likely to raise concerns on inflation, trade deficit, and rupee value. The week will see the CPI and WPI inflation numbers, which will be seen in the context of weak IIP plus US inflation at 7.5%.

· Big bang news for the week will be the announcement of the dates, size, and pricing of the mega LIC IPO. Markets will also be keen to figure out the discount offered to retail investors as well as to employees and policyholders of LIC.

· Key large-cap Q3 results this week include CIL, Eicher, Grasim, SpiceJet, Adani Enterprises, Adani Wilmar, Ambuja, and Nestle. Major mid-cap results include Rossari, Balkrishna, Gateway, IPCA, Manappuram, Natco, RailTel, Spandana, and CRISIL.

· In key local data points, FPI selling will be watched after a $20 billion sell-off since Oct-21. Also, there will be a focus on the four states going to elections in the week. Above all, Trade data for January 2022 will be observed for tapering fiscal deficit signals.

Key US data focus on Retail sales, IIP, business inventories, FOMC minutes, housing starts, home sales, jobless claims. In other data, focus shifts to EU GDP, IIP, construction; Japan GDP, inflation, IIP, machinery orders; China vehicle sales and inflation.