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 |