InvestorQ : What are the major trading and investing cues I need to watch out for the week starting on March 02, 2020?
swati Bakhda made post

What are the major trading and investing cues I need to watch out for the week starting on March 02, 2020?

Answer
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Dia Deshpande answered.
7 months ago


Here are some of the key market cues you need to keep an eye on for the coming week starting on 02 March 2020.

· Chinese virus will be the big story and there will be hopes of some respite after the markets crashed last week.

· Keep an eye on the Nifty movement and the higher VIX. At best, limited buying interest will keep markets tepid to flat.

· The mega IPO of SBI Cards opens on March 02 and closes on March 05. Strong demand from anchor investors will keep retail and HNI interested.

· What will be the next steps for Vodafone on AGR issue? Bharti Airtel has paid Rs.18,004 crore Vodafone needs to move fast to avoid bankruptcy.

· Tata Motors and auto stocks will face pressure on the demand side and also in terms of input costs from China.

· Weak crude prices could benefit India but also hint at a slowdown as Brent gets closer to $50/bbl.

· FII selling was Rs.12,000 crore last week and FII flight to safer havens may continue during the coming week.

· With INR weakening beyond 72/$ all eyes will be on the RBI for the point of intervention in the current markets.

· GDP growth at 4.7% and core sector growth at 2.2% mean a small bounce but not good enough.

· Agricultural growth at 3.7% for fiscal 2019-20 could be a boost for agri related stocks and FMCG stocks.

· PMI Manufacturing and Services come out this week and a repeat of January will be a good cue for stocks.

· Metal stocks like Hindalco, Vedanta took a major hit on expectations of weak Chinese demand and that could sustain in this week too.

· Finally watch for dividend plays from PSUs and for the OPEC meeting later this week for cues on supply cuts.

The Coronavirus will continue to be the big theme of the market next week.