Weekly Trigger

Triggers Weekly 2 Weekly Trigger

Trigger for the WeekHow will it impact?
  • MPC signals accommodative policy almost till the end of year 2021
  • That means; domestic liquidity will be abundant and that should be favourable for Indian markets overall
  • India’s Coronavirus count crosses 1 crore afflictions during the week
  • However, the good news for the markets would be that the recovery rate has improved to 95% in India
  • COVID afflictions recur in UK as Christmas gatherings cancelled
  • This has emerged as the latest risk for global markets as this virus strain is supposed to be more virulent
  • USFDA approves the second COVID vaccine from Moderna
  • This is a positive move as it will ensure greater last mile reach of vaccines for rapid inoculation
  • The big focal point during the week will be the US Fiscal Stimulus
  • If the negotiations get through and the $900 billion stimulus become a reality, it will be a market boost
  • Boris Johnson warns of BREXIT deal failure if the EU sticks to its guns
  • If the BREXIT deal does not happen during the week, it could be a big setback to the Pound and to markets
  • After Burger King, the focus will shift to the listing of Bectors Foods
  • It promises to be a good listing, especially after its 199X oversubscription and the performance of Burger King
  • The IPO markets will focus on the Antony Waste Management IPO
  • The IPO is priced at Rs.313-315, and will be the last major IPO for the current calendar year
  • Sensex scales 47,000 and closes just below; up 1000 points in the week
  • Despite the rally in the Sensex and Nifty, the VIX has stayed around 19, ensuring a buy-on-dips market
  • FPI flows cross Rs.40,000 crore in Dec-20 on stimulus hopes
  • This comes on top of Rs.70,000 crore inflows in Nov-20 as FPIs bought heavily across heavyweights in the Nifty
  • Nifty puts accumulation at 13,600 and call accumulation at 14,000
  • This gives an indication that the Nifty could make a serious attempt to breach 14,000 during the week
  • Fed statement clearly showed low rates sustaining for next year
  • That could be a major positive for Indian markets from the perspective of passive portfolio flows into India
  • Focus shifts to PSU banks after Rs.8000 crore fraud in Canara Bank
  • While the amount is disputed by the bank, another scam would surely dent the recent rally in PSU banks
  • Markets will look for global data triggers from the US, EU and Japan
  • US Q3GDP, home sales, jobless claims; BOJ monetary policy and Japan retail sales to be closely watched

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