Trigger for the Week |
How will it Impact? |
Government likely to announce telecom fund for AGR |
This is likely to be a positive yet revenue-neutral deal for telcos to borrow and pay up their AGR dues |
MPC minutes clearly hint at no rate cuts in the next two policies |
This is likely to keep banks and financials muted as MPC wants inflation to first trend lower by 300 bps |
Watch out for the big GDP number announcement on 28 February |
Q3 GDP assumes significance after the NCAR lowered full-year GDP estimates for FY20 to 4.9% |
Keep an eye on the rupee which showed signs of weakening |
Rupee went as low as 71.80/$ last week and a dollar bounce could only add more pressure on the rupee |
Markets will keep a close watch on the Coronavirus impact |
The impact has been pronounced on pharma and the electronics sector due to supply chain disruption |
Crude oil could see a bounce during the week on OPEC signals |
With the slowdown in demand, OPEC and Russia are expected to announce indicative supply cuts in crude |
Mid-caps could be in the thick of the action in the coming week |
With nearly 40 mid cap stocks gaining up to 30% in the week, that could be the segment to focus on |
President Trump’s visit to India could dominate headlines |
Signals of a trade deal would be positive but any censure on geopolitical risk could be negative for India |
Aurobindo report on Friday may negatively impact the stock |
The rescinding of the November report by the US-FDA could be negative for Aurobindo and for pharma stocks |
Keep a watch on PSU banks after the farmer loan admission |
Farmer loans created bad debts of Rs.67,000 crore and that could create NPA worries for PSU banks |
Gold at $1650/oz clearly hints at risk-off buying in global markets |
A rally in gold is normally bad for emerging markets like India which depend on risk capital flows |
Core sector and auto numbers could be critical this week |
Core sector for January and auto numbers for February could be critical growth inputs during the week |
US 30-year yields drop to a record low, leading to slowdown fears |
The yields reflect the concern over the virus syndrome and could have an impact on Indian stocks too |
G-20 finance ministers and central bankers meet in Riyadh on Feb-23 |
It remains to be seen if the central banks decide on a fresh stimulus package to combat the growth risk |