| Trigger for the Week | How will it Impact? |
|---|---|
| The Coronavirus tally continues to remain at elevated levels | Daily cases are still above the 22,000 mark and that will be an overhang on the equity markets |
| IIP de-growth for May 2020 came in at (-34.71%) | This is better than April, but markets will be keener on seeing June and July numbers for assurance of growth |
| Yes Bank FPO opens on 15 July and the pricing has been conservative | The success of the FPO will determine the future of Yes Bank which urgently needs to shore up capital |
| Rossari Biotech IPO hits the market on 13 July after gap of 4 months | This is the first IPO since SBI Cards and, despite good anchor demand, IPO response will be a key factor |
| Markets will be watching first cues from COVAXINE trials | While human trials are on, the August 15 deadline looks steep and any success would boost pharma stocks |
| After TCS, the Infosys results will be in focus during the week | TCS revenues were lower than, but not as bad as street estimates. A good show from Infosys will be IT positive |
| Easing tensions on the Indo-China border will be a macro positive | With armies retreating to old positions, the truce seems to be on and the markets have less to worry about |
| Big earnings numbers expected during the coming week | Big results for June quarter include Infosys, Britannia, Wipro, HDFC Bank, HCL Tech, Cyient and Mindtree |
| The 43rd AGM of Reliance on 15 July will be a key trigger point | The AGM is expected to lay out a detailed plan on becoming zero debt by Mar-21 and could be critical |
| FIIs and DIIs remained net sellers during the week, ahead of IPOs | The next week will be crucial as there are two major IPOs scheduled and could impact FII and DII flows |
| Inflation cues and trade data are expected during the week | While food inflation cues will be awaited, trade data will be the key to check if there is a trade bounce |
| Rupee continued to show strength and bettered the 75/$ mark | This is good news for FII flows into debt as that makes up for lower yield levels on bonds |
| Nifty 10,800 levels could be the big resistance to break in the week | The Nifty will need to break above 10,800 with good volumes to sustain the rally towards 11,000 levels |
| Key global macro data points need to be watched during the week | US Inflation, Retail sales, jobless claims, EU IIP, ECB Rate, China trade and IIP and Japan IIP and rates will be key |
