The coming week is a big week with an IPO, a FPO and the Reliance AGM coming up. Here are some of the major triggers which will impact markets during the week.

· COVID-19 tally continues to remain at elevated levels. Daily cases are above the 25,000 mark and that is an overhang even though recoveries have also been rapid.

· IIP has contracted in May 2020 at (-34.71%). Although, this is better than April, the markets will seek assurance of a bounce from June and July data.

· Yes Bank hits the FPO market to raise Rs.15,000 crore and the success of the FPO will determine the future of Yes Bank as it needs to be quickly recapitalize.

· More than 4 months after the SBI Cards IPO, the first IPO post COVID, Rossari Biotech, will hit markets on 13 July. Retail and QIP response will be the key factors.

· Markets will await the first cues from COVAXINE trials on humans which have started. Ahead of the August 15 deadline, any success would boost pharma stocks.

· Big earnings numbers during the week for the June quarter include Infosys, Britannia, Wipro, HDFC Bank, HCL Tech, Cyient and Mindtree. A good tome on IT sector.

· The 43rd AGM of India’s most valuable company is scheduled on 15 July. RIL AGM is expected to lay out a detailed plan on becoming zero debt by Mar-21.

· FIIs and DIIs remained net sellers during the week, ahead of two IPOs. Continued selling from both could be negative for markets.

· Food inflation cues will be awaited this week but trade data will be the key trigger to check if there is a bounce in economic activity.

· The Nifty will need to break above 10,800 resistance level with good volumes to pull the rally towards 11,000 levels.

· The US Inflation, retail sales, jobless claims, EU IIP, ECB Rates, China trade/IIP and Japan IIP and rates will be key global macro triggers.