InvestorQ : What is your stock market view for the 23rd of August, Monday? Also, I need your view on IPO listings and F&O expiry?
Niti Shenoi made post

What is your stock market view for the 23rd of August, Monday? Also, I need your view on IPO listings and F&O expiry?

Answer
image
diksha shah answered.
4 months ago
Follow

This is likely to be a fairly important week for the markets. The F&O settlement for August is slated for Thursday and that is likely to see a lot of volatility. We have seen a sharp rally in the markets till date and it remains to be seen if important sectors like metals and banks, that have rallied so far, see long rollovers into the next month contract.

The other big story, as you rightly asked, will be the IPO story. On Monday, Nuvoco Vistas will be listing on the NSE and the BSE while on Tuesday Aptus Value Housing Finance and Chemplast Sanmar will list on the stock exchanges. Nuvoco response was less than 2X and the worries a lot higher after the tepid listing of CarTrade on Friday last week.

Foreign investors net sold worth Rs.2,287 crore on 20 Aug while the domestic institutions bought Rs.119 crore of equities. While FIIs are net buyers for August, the FPIs have been net sellers across Emerging Asia. The two exceptions have been Indonesia and India, where foreign investors are buyers in August. A lot will depend on the taper talk in the US.

Markets across the world appear to have put the worries of Fed taper behind as Dow rallied 70 bps and NASDAQ rallied 120 bps on Friday. Europe was sharply higher and in early trades, even the SGX Nifty is trading nearly 90 bps higher. The only risk is if there are any statements to the contrary on the Fed taper front, which could dampen sentiments.

16 Views