| News Announcement |
Impact Analysis |
| Oil sector to react this week to RIL results and UBS oil report |
- Oil stocks to react negatively to RIL’s lower GRMs but give thumbs-up for UBS upgrade of Oil and Gas stocks
|
| HDFC Bank likely to react positively to the stellar results for Q3 |
- HDFC Bank to react positively to 33% growth in profits but NPA accretion / higher provisions to be ignored
|
| Key results announcements for the week to be the area of focus |
- Major results announcement for the week include L&T, Kotak Bank, ICICI Bank, SBI Life, Asian Paints, PVR etc
|
| Markets to look for earnings growth indications from Q3 |
- Nifty earnings to grow at 20% but revenue growth to be the key. Tax cut impact likely to top out this quarter
|
| L&T margins and order book growth to be key driving factors |
- L&T order inflow guidance to be lower by 30% due to weak government spend. Negative for capital goods
|
| Telecom sector reaction to AGR deadline could be critical |
- The deadline to pay Rs.147,000 crore to the DOT falls on 23 Jan and any extension could be a saving grace
|
| Focus on specific telecom stocks like Bharti and Vodafone IdeaBC raises its gold price forecast $1613/oz for the year |
- Bharti has raised funds but capital infusion for Vodafone Idea could be key to its survival and for its creditors
|
| Progress on Yes Bank capital raising and rating shifts on debt |
- Positive developments on equity raising key as core capital ratio at close to 8% is worrying for the bank
|
| DGCA air traffic data release to hold the key to airline companies |
- For the aviation industry, the sharp growth in flyers will be the key to sustaining top line growth for December
|
| Keep a watch on Brent Crude prices during the week and at $65 levels |
- Brent corrected last week post US-glut but $65/bbl is critical as anything above that could hit macros for India
|
| Trajectory of the US/ Iran stand-off in the Middle East to be watched |
- The issue has been quiet for some time now but Iran would want to keep the pot boiling to pressure the US
|
| Global markets to react to Phase 1 trade deal of the US and China |
- While the deal has been signed, the markets are still awaiting cues from China on their deal perspective
|
| The week could see some genuine hints on the colour of Budget 2020 |
- Markets are expecting some advance colour on personal taxes, LTCG taxes and capital market reforms from FM
|
| ECB monetary policy to set the tone for global central banks |
- The monetary statement on 23rd Jan will set the tone for the ECB under its new chief, post the Draghi era
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