INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The market-boosting US Fed interest rate decision, development around Brexit deal and a stronger rupee against the US dollar
augured well for Indian equity market last week.
Even though the eight-day winning streak in equity benchmark Sensex halted on Friday, the
benchmark index logged gains on a weekly basis
The Sensex edged up 140 points or 0.37 per cent, while Nifty50 advanced 30 points or 0.26 per cent
The market is keeping a close eye on heightened political activities in the run-up to general elections
Besides, FO expiry, global sentiment, FPI inflow and macroeconomic numbers are the factors that will influence the mood of the market in the
Let's take a look at some factors that will sway market mood during the coming week:FO expiryThe domestic stock market may witness bouts of
volatility as March series futures options contracts expire on Thursday, and investors roll over positions to April series
Nifty futures closed in the negative at 11,478 with a loss of 0.65 per cent on Friday
On the options front, maximum Put open interest was at strike price 11,000 followed by 11,200 while maximum Call OI was at 11,600 followed
There was Put writing at 11,600 followed by 11,450 levels, while meaningful Call writing was seen at 11,600 followed by 11,500
levels.
Macroeconomic printsTwo important sets of data will reveal the health of India's economy in the coming week
The fiscal deficit data and infrastructure output data for the month of February will be released on Friday
The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- grew
slenderly by 1.8 per cent in January because of decline in output of crude oil, refinery products and electricity
Besides, the country's fourth-quarter data for foreign debt and current account data are also important numbers that will catch the
A new round of US-China talksA fresh round of high-level trade talks will begin between the US and China on Thursday
Both the countries have shown their keen intent to resolve their trade-related differences of late and the new round of talks is a step in
A trade truce after a dovish Fed- do emerging markets need anything else
Brexit The Brexit saga is getting intriguing
After getting a two-week reprieve from the European Union, British Prime Minister Theresa May has to accomplish a daunting task- to get her
Brexit deal cleared by the British Parliament, which has been defeated twice
As per Reuters, she is expected to make another attempt soon and if the deal still fails, several possibilities open up, from a no-deal
Brexit to Brextension and even exit from Brexit
Meanwhile, over 1 million people marched through central London on Saturday to demand a new referendum on Brexit
Crude's courseCrude oil prices fell about 2 per cent on Friday, dragged by concerns of a global economic slowdown and oil demand
Oil prices have a direct relation with India’s fiscal math, as the nation is a major importer of crude oil
The domestic market may see some capital inflow if the fall in crude oil prices continues
Technical outlookOn Friday, the Nifty index formed a bearish candle for the second straight session, which resulted in a Doji kind of
indecisive formation on the weekly chart
A Doji formation on the weekly chart reflected fatigue at higher levels, and indicated some slowdown in momentum
The Relative Strength index (RSI) has turned south from extreme overbought levels of 80, suggesting a transitional pause or correction.
