| Trigger for the Week | How will it Impact? |
|---|---|
| Oil sector to react this week to RIL results and UBS oil report | Oil stocks to react negatively to RIL’s lower GRMs but give thumbs-up for UBS upgrade of Oil and Gas stocks |
| HDFC Bank likely to react positively to the stellar results for Q3 | HDFC Bank to react positively to 33% growth in profits but NPA accretion / higher provisions to be ignored |
| Key results announcements for the week to be the area of focus | Major results announcement for the week include L&T, Kotak Bank, ICICI Bank, SBI Life, Asian Paints, PVR etc |
| Markets to look for earnings growth indications from Q3 | Nifty earnings to grow at 20% but revenue growth to be the key. Tax cut impact likely to top out this quarter |
| L&T margins and order book growth to be key driving factors | L&T order inflow guidance to be lower by 30% due to weak government spend. Negative for capital goods |
| Telecom sector reaction to AGR deadline could be critical | The deadline to pay Rs.147,000 crore to the DOT falls on 23 Jan and any extension could be a saving grace |
| Focus on specific telecom stocks like Bharti and Vodafone Idea | Bharti has raised funds but capital infusion for Vodafone Idea could be key to its survival and for its creditors |
| Progress on Yes Bank capital raising and rating shifts on debt | Positive developments on equity raising key as core capital ratio at close to 8% is worrying for the bank |
| DGCA air traffic data release to hold the key to airline companies | For the aviation industry, the sharp growth in flyers will be the key to sustaining top line growth for December |
| Keep a watch on Brent Crude prices during the week and at $65 levels | Brent corrected last week post US-glut but $65/bbl is critical as anything above that could hit macros for India |
| Trajectory of the US/ Iran stand-off in the Middle East to be watched | The issue has been quiet for some time now but Iran would want to keep the pot boiling to pressure the US |
| Global markets to react to Phase 1 trade deal of the US and China | While the deal has been signed, the markets are still awaiting cues from China on their deal perspective |
| The week could see some genuine hints on the colour of Budget 2020 | Markets are expecting some advance colour on personal taxes, LTCG taxes and capital market reforms from FM |
| ECB monetary policy to set the tone for global central banks | The monetary statement on 23rd Jan will set the tone for the ECB under its new chief, post the Draghi era |
