InvestorQ : What are the major trading and investment cues that you see for the stocks markets in the week starting on 04 January 2020?
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What are the major trading and investment cues that you see for the stocks markets in the week starting on 04 January 2020?

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diksha shah answered.
7 months ago
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Here are some of the key triggers for the week commencing on January 04.

· In terms of psychological levels, Nifty closed above 14,000 and Sensex just short of 48,000. The important F&O cue is that calls and puts are concentrated at 14,000.

· Core sector growth for Nov-20 was disappointing at -2.6%. However, core sector got favourably revised for Oct-20 and Aug-20 and oil sector has done well. The focus in the coming week will shift to PMI momentum in manufacturing and services.

· Markets can breathe a sigh of relief as India’s COVID recovery rate improved last week from 95.77% to 96.08%. Meanwhile, India is on a war footing and after the AstraZeneca vaccine approval, Ella’s Bharat Biotech could be next on the list. Markets will be pleased.

· Interesting quarterly numbers this week including TCS, Shalby, GM Breweries, Uttam Sugars, Bhansali Engineering, India Acrylics and D-Mart. IT bellwether TCS could impress on top line growth at 2.5% and on big orders. OPM is unlikely to disappoint.

· FPIs infused Rs.124,000 crore in Nov-20 and Dec-20, while DFS pulled out Rs.85,500 crore in 2 months. Even as global flows look strong, positive MF flows will help.

· Georgia dual elections on 05-Jan will decide majority in the US Senate. A Democrats sweep will give deciding vote to Kamala Harris; something markets will prefer.

· Major trigger for coming will be the positive GST collections at Rs.115,000 crore; an all-time record. This could trigger manufacturing buoyancy in stock markets this week.

· Key global triggers will include; the US PMI, US vehicle sales, ISM manufacturing, US FOMC meet, US MBA mortgages, US employment, EU PMI, inflation and retail data, Japan Jibun PMI and Chinese PMI will be the major triggers.

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