InvestorQ : What would be the key weekly triggers to watch out for in the stock markets for the coming week starting on 20th September?
Arusha Ray made post

What would be the key weekly triggers to watch out for in the stock markets for the coming week starting on 20th September?

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diksha shah answered.
3 months ago
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Here are some of the key triggers to watch out for in the coming week.

· PSU banks and telecom companies to react to policy announcements. Rs.2 trillion of stressed assets shifted to Bad Bank, positive for PSU banks with asset quality. However, telecom structural shift on 100% FDI and spectrum surrender to benefit Jio and Airtel.

· Auto, defence, and airline stocks to be in limelight next week. Auto components to gain most from PLI allotment as autos face chip shortage. While drone PLI will benefit small-cap defence stocks, the pushback to 85% flying capacity is good for Indigo and SpiceJet.

· India crosses 85 crore vaccinations and at 2 crores per day, should be complete by December total inoculation. The positive cues are visible in FPI confidence in India infusing Rs.6,476 crore in the week and Rs.7,200 crore for September month to date.

· Some action can be expected in the IPO space. Paras Defence IPO opens on 21-Sep at a price band of Rs.165-175. IPO subscriptions are still tepid, so it is critical. Sansera Engineering also lists the stock on Friday and will be watched after its 11.47X response.

· The upcoming FOMC meeting on September 21 and 22 is likely to keep the Nifty range-bound in the 17,400 to 17,800 range as traders will try and digest FOMC language on taper and rate hike timing. The next big index levels will be 18,000 for the Nifty and 60,000 for the Sensex.

· In terms of global cues, the US focus on Fed meet, housing starts, building permits, home sales, jobless claims, composite PMI Flash. In other markets, focus on ECB Meet, EU PMI Flash For Sep; Japan BOJ rates, Jibun Bank Manufacturing PMI, August Inflation.

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