INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After the domestic equity market witnessed heavy selling during the week gone by, analysts are advising investors to stay
cautious in the week ahead
Concerns over US-China trade talks, mixed corporate earnings and border tensions following the terrorist attack at Pulwama in the Kashmir
mainly influenced market sentiment last week
points, or 2 per cent, to 10,724.
The market is likely to remain volatile ahead of the forthcoming general elections
Global developments like Brexit and US-China Trade war and also the Lok Sabha election due in a few months will decide the market trend
buzz on Dalal Street, here is a list of five factors that could chart market direction during the week ahead.
Government response to JK
terrorPrime Minister Narendra Modi on Friday put Pakistan on notice, saying those responsible for the Pulwama terror attack would pay a
He said that security forces have been given a free hand to decide on the timing, place and nature of their response to the carnage
The board will take a view based on the central bank's audited earnings for the first six months and finalise an interim dividend transfer
GST Council meetingThe GST Council is scheduled to meet on February 20 to discuss a proposal to slash tax on cement to 18 per cent from 28
per cent and also consider a recommendation of a Group of Ministers (GoM) on housing that advocates 5 per cent GST on under-construction
properties and 3 per cent GST on affordable housing.
Global factorsOn the global front, traders will be eyeing important macroeconomic data
from the US, starting with Housing Market Index on February 19, followed by Redbook, E-Commerce Retail Sales on February 20, jobless claims,
US-China trade talks and progress on Brexit should also be watched during the week.
Sameer Kalra, founder, Target Investing, said global
factors, including US-China trade talks in Washington and progress on Brexit may give direction to the market in the coming week
factorsNo major data is scheduled for release on the domestic front in the coming week
The market may zero in on the movement of crude oil prices as well as the rupee
One may also look at how global markets may behave, especially when SP500 index is flirting with its 200-Day Moving Average.
