| Trigger for the Week |
How will it impact? |
| Outcome of Jharkhand state elections on 23rd of January |
- Exit polls are projecting majority for INC/JMM alliance; which could be a setback for the reforms process
|
| Brent Crude prices stay above $66/bbl for the week |
- Diesel prices have risen for 3 days in succession. Above $65/bbl, crude is likely to be inflationary
|
| Budget cues from the Finance Minister could hold the key |
- Markets will await hints from Nirmala Sitharaman on personal taxes, corporate taxes and SME relief
|
| Yield twisting program of Rs.10,000 crore commences on Monday |
- Success of the Bond Twisting program (buying long end and selling short end) will set bond yield agenda
|
| Component shifting in the Nifty and Sensex on 23rd Decemberq |
- Titan, Ultratech, Nestle walk into Sensex as TAMO, Yes Bank and Vedanta move out. Watch for ETF action.
|
| Visible progress on the US-China trade deal first phase |
- Deal likely to be signed in Jan-20. Improved cues from both sides positive for global economic sentiments
|
| Clarity on BREXIT after Johnson clears BREXIT deal |
- Greater clarity would mean lesser risk for UK-heavy stocks like Tata Motors, Tata Steel, TCS, MSIL etc
|
| USD / INR will be closely watched after the late rupee weakening |
- With rupee weakening beyond 71/$, the rising dollar looks likely to impact FPI flows into India
|
| Last F&O expiry of the year could mean FPI profit booking |
- December 26 expiry will be the last of the year and normally sees pressure of unwinding
|
| FPIs infuse Rs.4900 crore during the week gone by into Indian equities |
- This could be the initial impact of MSCI revamp, which is likely to infuse $2.5 billion into Indian equities
|
| RIL stake sale plan to Saudi Aramco hits a roadblock |
- This is likely to impact RIL’s debt reduction plan and could dampen sentiments in the market overall
|
| Durables goods sales and home sales data in the US |
- These data points are likely to be an important barometer of how the US economy is shaping up
|
| China Industrial Profits for November |
- This will be a key variable impacting Chinese industrial demand and hence base metal prices
|
| VIX on a consistent downtrend during the week |
- VIX at around 12 is a multi-month low and could be an indication of limited equity market downside risk
|
