Trigger for the Week |
How will it Impact? |
AGR ruling by the Supreme Court to be the big trigger for the week |
The ruling is likely to favor Bharti Airtel and is likely to be loaded against Vodafone Idea on funding concerns |
High inflation is likely to keep the pressure on financials |
CPI inflation at 7.59% raises the spectre of higher bond yields, which is negative for bank bond portfolios |
Trade deficit crosses the $15 billion mark in January 2020 |
Trade deficit getting back to past the $15 billion mark will keep the pressure on the INR and FPI flows |
Chinese Coronavirus has crossed 1500 death toll and spreading |
This has continued to be an overhang for the global markets and could rub off on India too |
DMART may continue to be the cynosure of all eyes this week |
The stock corrected 7% after the QIP dilution and the OFS by the promoters and that could be an overhang |
Crude is expected to bounce back during the coming week |
While the virus toll could peak, oil could get a boost from a joint OPEC/Russia supply cut extension |
Big bank merger announcement is expected during the week |
The plan to merge 10 banks into 4 banks could be fully completed before the end of April this year |
Key data points are expected from the international markets |
FOMC minutes, US Manufacturing PMI, Euro core CPI and jobs as well as Japan Manufacturing PMI expected |
Dollar strength to be closely watched this week |
As Dollar makes a strong start to the year, INR could see sharp weakening beyond the 71.40/$ mark to 72 levels |
RBI MPC minutes will be announced on Thursday 20th Feb |
Minutes will be crucial in setting the tone of future rate action based on critical discussions of MPC members |
With telcos on the brink, banks may be under pressure this week |
Banks have overall exposure of Rs.150,000 crore to telecom in fund-based and non-fund based facilities |
Yes Bank fundraising plans will be closely watched |
For Yes Bank, funding promises must quickly translate into capital flows to sustain core capital of the bank |
Dealers ask automakers to shift to BS-VI production fully |
This could impact automakers as SC has rejected the FADA request to sell BS-IV vehicles after April 2020 |
China to support local producers hit by the Coronavirus pandemic |
This could be like a mini-stimulus but also endangers India’s plans to take over the Chinese space |