INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Healthy macroeconomic numbers in terms of softer retail inflation and narrower trade deficit, along with improved global
sentiment helped Indian equity benchmarks log decent gains last week
However, Dalal Street did witness bouts of choppiness during week, as third quarter earnings failed to provide any decisive move to market,
and weakness in rupee, following rise in global crude oil prices, continued to weigh on sentiment
Still, thanks to gains in select heavyweights, including Reliance Industries, headline index Sensex climbed about 377 points, or 1.05 per
cent, to 36,386.60, while NSE Nifty50 clocked a gain of 112 points, or 1.04 per cent, to 10,907, last week
Going into next week, corporate earnings, global sentiment, macro triggers and fund inflows will dictate market mood
Let's take a look at factors that will influence Dalal Street next week: Earnings pick up pace: Kotak Mahindra Bank, Asian Paints, Bharti
Infratel, ITC, Ultratech Cement, YES Bank, Maruti Suzuki India, HDFC Standard Life Insurance and InterGlobe Aviation are among companies
that will report their December quarter earnings this week
Global sentiment: US stocks rose last week, giving a fillip to their global peers, amid buzz that Sino-US trade tussle may see an amicable
However, road to a trade deal looked bumpy
On Saturday, a Bloomberg report suggested that Donald Trump administration is preparing an executive order that could significantly restrict
Chinese state-owned telecom companies from operating in US over national security concerns
Global markets would hope such a move does not jeopardise prospects of a trade deal between two countries
The Brexit saga: After facing a crushing defeat on her Brexit deal, British Prime Minister Theresa May will present her new deal before
lawmakers for their approval
But, experts are skeptical that her plan, which has just minor modifications, will be cleared easily
As per Reuters, markets now reckon March 29 deadline of leaving European Union will be extended to give parliament more time to negotiate
manner of exit or even to organise a second referendum
Markets may have factored in standoff on Brexit, growing chaos may dent investor sentiment globally
China's GDP numbers: All eyes will be on China's fourth quarter GDP print as well as investment and retail sales for December
Weak factory output data and export data prompted China to announce fiscal stimulus measures
Now, another weak set of numbers may make investors run away from riskier equities, triggering a selloff in emerging markets
Crude's course: Oil prices are on an upward trajectory, underpinned by Opec-led supply cut
Opec on Friday issued a list of oil production cuts by its members and other major producers for six months starting on January 1 to boost
confidence in its oil supply reduction pact, Reuters reported
If crude oil prices continue to rise, it will put pressure on Indian currency, raising risk of inflation
Market will certainly not take it lightly at a time when it is hoping a rate cut from RBI in its next monetary policy meet just weeks away
Davos meet: The annual World Economic Forum in Davos is scheduled during January 22 to 25
Although experts are not expecting any major trigger for markets, it will surely remain in limelight as trade dispute, Brexit and outlook on
global economy may heat up Alpine meeting
However, US President Donald Trump, his French counterpart Emmanuel Macron and British PM Theresa May will not be in Davos, Japanese Prime
Minister Shinzo Abe, German Chancellor Angela Merkel and Italian Premier Giuseppe Conte will be there along with global political and
business leaders and civil society figures to discuss theme of this year's meet- fourth industrial revolution
Technical outlook: The Nifty50 on Friday settled flat to form a small bearish candle on daily chart
The index seems to be forming a multi-week Ending Diagonal, whose last leg is unfolding on upside, said Gaurav Ratnaparkhi of Sharekhan
Traders can retain their positive stance as long as Nifty sustains above 10,800 level on a closing basis and look for a directional move to
