InvestorQ : What do you see as the major trading and investing cues for the week starting on 07 September? Do you see the correction continuing?
Arusha Ray made post

What do you see as the major trading and investing cues for the week starting on 07 September? Do you see the correction continuing?

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diksha shah answered.
3 months ago
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After a gap of many weeks, the previous saw the Nifty correcting from higher levels and the pressure looks to continue this week. Here are some major trading cues.

· GDP for the Jun-20 quarter contracted by -23.7% and that will weigh the next week’s trading. Global markets are weak and Indian markets may follow suit

· The court order on the EMI schedule is expected during the week. The 2 year moratorium if approved, could be credit negative for banks

· With Vodafone getting a lifeline, its future survival could depend on potential fund raising with Verizon and Amazon already showing interest

· Border tensions with China have extended beyond Pangong into Arunachal Pradesh and the delicate situation could keep markets under pressure

· The mid cap story got a jolt, losing nearly 2.5% during the week. Market losing breadth remains a worry and could impact market participation in the week

· August IIP and manufacturing numbers will be out on 11 September and markets will look for a recovery from the -16% reported last month.

· Big earnings announcements expected this week include BHEL, IRCTC, GIC, Info Edge, Eveready, HAL, Adani Green, J&K Bank

· After a long time 2 IPOs, Happiest Minds and Route Mobile, will hit markets and could be critical for retail appetite for IPOs

· Rupee strengthened but remained above 73/$. The FPI outflows during the week and the sharp Nifty fall on Friday led to the rupee losing some of last week’s gains

· Heavy call OI accumulation seen at 11,500 shows limited upsides evidenced by the VIX index shooting up above the 22 mark during the week

· Key global triggers for the week will include, US Inflation, Jobless Claims, ECB rate decision, EU GDP estimates, Japan CAS, Chinese Balance of Trade etc.



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