| Trigger for the Week |
How will it impact? |
| AGR ruling by the Supreme Court to be the big trigger for the week |
- The ruling is likely to favour Bharti Airtel and is likely to be loaded against Vodafone Idea on funding concerns
|
| High inflation is likely to keep pressure on financials |
- CPI inflation at 7.59% raises the spectre of higher bond yields, which is negative for bank bond portfolios
|
| Trade deficit crosses the $15 billion mark in January 2020 |
- Trade deficit getting back to past the $15 billion mark will keep the pressure on the INR and FPI flows
|
| Chinese Coronavirus has crossed 1500 death toll and spreading |
- This has continued to be an overhang for the global markets and could rub off on India too
|
| DMART may continue to be the cynosure of all eyes this week |
- The stock corrected 7% after the QIP dilution and the OFS by the promoters and that could be an overhang
|
| Crude is expected to bounce back during the coming week |
- While the virus toll could peak, oil could get a boost from a joint OPEC/Russia supply cut extension
|
| Big bank merger announcement is expected during the week |
- The plan to merge 10 banks into 4 banks could be fully completed before the end of April this year
|
| Key data points are expected from the international markets |
- FOMC minutes, US Manufacturing PMI, Euro core CPI and jobs as well as Japan Manufacturing PMI expected
|
| Dollar strength to be closely watched this week |
- As Dollar makes a strong start to the year, INR could see sharp weakening beyond the 71.40/$ mark to 72 levels
|
| RBI MPC minutes will be announced on Thursday 20th Feb |
- Minutes will be crucial in setting the tone of future rate action based on critical discussions of MPC members
|
| With telcos on the brink, banks maybe under pressure this week |
- Banks have overall exposure of Rs.150,000 crore to telecom in fund-based and non-fund based facilities
|
| Yes Bank fund raising plans will be closely watched |
- For Yes Bank, funding promises must quickly translate into capital flows to sustain core capital of the bank
|
| Dealers ask auto makers to shift to BS-VI production fully |
- This could impact auto makers as SC has rejected the FADA request to sell BS-IV vehicles after April 2020
|
| China to support local producers hit by the Coronavirus pandemic |
- This could be like a mini stimulus but also endangers India’s plans to take over the Chinese space
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