INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The week gone by saw a decent rebound in market, backed by gains in banking and financial stocks amid positive global cues after
US and China appeared to be coming closer to resolving their trade dispute
In sync with most global peers, Sensex and Nifty logged healthy gains of half-a-per cent each on Friday
On a weekly basis, however, both declined 1 per cent
Going into a new week, earnings, macro data and global market movement will be most important triggers market will be reacting to
TCS, Infosys, IndusInd Bank and Bajaj Corp will announce their numbers during week, setting tone for market
As second quarter numbers remained subdued, market will need some upbeat third quarter numbers to sail through amid concerns over weak
global economic growth.
The US-China talkA vice-ministerial-level meeting between two countries is expected to take place this week
After US President said that Washington and Beijing were conducting trade negotiations at highest levels, there is hope that a solution to
Every positive development on this front will give further boost to markets across world
India's IIP printIndia's industrial production data for November will be out on Friday
Industrial output grew at an 11-month high of 8.1 per cent in October, underpinned by mining, power and manufacturing sectors coupled with
higher offtake of capital goods as well as consumer durables
The manufacturing sector, which constitutes 77.63 per cent of index, recorded 7.9 per cent growth in October against 2 per cent a year ago
A positive IIP print will be a signal of robust economic growth, which will, in turn, prop up rupee and attract FII inflow
Global macrosMarkets will be closely looking at December US non-farm payrolls report, inflation data, ISM Non-Manufacturing PMI data,
Japan's consumer confidence data and China's inflation data for December and US balance of trade data for November slated for release
US stocksUS stocks, especially tech ones, will be in focus during week after Apple's warning that China's economic slowdown and trade
war have hit its business, which triggered a rout in US equities and a selloff in most global markets
A fall of this magnitude in one most liquid and valuable stocks of world has clouded corporate earnings picture and made investors nervous
Technical readingsFriday's rally on Dalal Street showed bulls and bears are having a tug of war and analysts are of view that Nifty might
turn sideways with a positive bias for a couple of days before seeing any directional move
"Nifty has been moving in a range between 10,950 and 10,550 levels, forming a significant barrier and a breach on either side would decide
