INSUBCONTINENT EXCLUSIVE:
expectations, developments in US-China trade relations and Brexit issue will chart course of markets in weeks to come.Also any volatility in
crude oil prices will continue to affect rupee, which has weakened for two consecutive weeks."Traders should trade cautiously for next 10
days as markets prepare and discount budget expectations," said Sahil Kapoor, Chief Market Strategist, Research, Edelweiss Wealth
Nifty on other hand has been able to eke out gains based on a select few bluechip stocks.The quarterly results will remain in focus in
upcoming weeks as major third quarter results by Kotak Mahindra Bank, Maruti Suzuki, Larsen and Toubro, Yes Bank, Asian Paints and ITC is
scheduled to be announced."Trading woes will be dictated by upcoming interim budget with investors preparing to reshuffle their portfolio
according to their expectations." said Rahul Sharma of Equity99.In November, Bank of England had warned that a no-deal Brexit can cause a
recession worse than 2008 financial crisis
After Brexit deal was rejected by British Parliament with a significant margin, investors will keep a close watch on developments in same.On
partial US government shutdown, New York Federal Reserve President John Williams has raised a red flag saying that shutdown is an emerging
headwind to economic growth
The prolonged shutdown is causing uncertainty among investors.According to Viral Berawala of Essel Mutual Fund, investors awaited next steps
for UK after Prime Minister Theresa May's government narrowly survived a no-confidence vote
Losing vote has made it harder to have a smooth Brexit.Regarding US-China trade relations, Berawala said that reports of Beijing offering to
ramp up imports from Washington and latter considering to lift some tariffs on Chinese products would boost global investor sentiments."The
Nifty would need to convincingly close above recent highs of 10,931, for it to move towards 11,200 levels in coming week; else range bound
price action could continue
Crucial support to watch in coming week for weakness is 10,692," Jasani said.The SP BSE Sensex gained 376.77 points, or 1.04 per cent, to
depreciate for second week on trot, as it weakened by 69 paise to Rs 71.18 against US dollar from its previous close of Rs
against domestic investors buying Rs 1,842.31-crore shares.
