INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity market will see a host of domestic and global developments in the week ahead, and they may influencing
and updates on the coronavirus crisis
The benchmark indices consolidated this past week, as investors moved on from the just-concluded earnings season carefully following
commentaries from major Asian economies on the impact of the coronavirus crisis on their respective growth estimates.
Sensex dropped 87
points, or 0.21 per cent, during the truncated week to close at 41,170 on Thursday
Nifty declined 32.60 points, or 0.27 per cent, for the week to end at 12,080
The market was closed on Friday on account of Mahashivratri.
Here are the key events and developments lined up for the week ahead, which
will influence specific stocks, sectoral fortunes and the broader market in the week ahead:-
F-O expiryThe single largest factor that will
Options data suggests the maximum Put open interest (OI) stood at strike price 12,000, followed by 11,800, while maximum Call OI was at
was seen at all the immediate strike prices
This may build market expectations
Trump and First Lady Melania Trump will travel to Ahmedabad, Agra and New Delhi over February 24 and 25
There have been reports that India and the US may agree to a trade package as a precursor to a major trade deal
"We're going to India, and we may make a tremendous deal there," Trump said on Thursday.
Outcome of G20 meetInvestors on Monday may react to
the outcome of two-day G20 meet, which is under way in Riyadh over Saturday and Sunday
The China virus is a major focus of discussion among the finance leaders from the Group of 20 major economies, Bank of Japan Governor
Haruhiko Kuroda said on Friday
Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped during the first 20 days of
February as the outbreak upended global supply chains.
GDP data: Economy in a slow laneDecember quarter GDP numbers will be released on
Friday.
GDP growth is likely to show a marginal improvement to 4.6 per cent from 4.5 per cent in the previous quarter, said Nirmal Bang
and fishing is expected to see a rebound to 3.5 per cent growth, supported by a lower base, stable kharif production and a strong start to
possible stimulusWhat has eased concerns among global markets is the fact that the pace of new coronavirus cases has slowed, and the Chinese
government has been quick to ease liquidity in the system to stem further slowdown in the economy
But China's central province of Hubei on Friday said it has revised the number of new confirmed cases of coronavirus infections on
Thursday upward to 631 from 411 after including cases in the province's prison system
The province's health commission said in a statement it now had 62,662 cases as of Thursday, after including 220 cases in Hubei's prison
system.
US macro dataInvestors would pay heed to US economic releases such as Chicago Fed National Activity Index on February 24, followed
by Redbook, Richmond Fed manufacturing index on February 25, API crude oil stock change and MBA mortgage applications on February
26.
Besides, GDP growth rate, durable goods orders, jobless claims, pending home sales on February 27 and PCE price index, wholesale
inventories and Baker Hughes total rig count on February 28 will be other US data investors would be watching keenly.
