Dalal Street Week Ahead: Macro data, rate decisions, FII flows set to influence market
Domestic equity benchmarks have logged weekly gains driven by IT and consumer durable stocks. Bajaj Finance, Shriram Finance, Wipro, Infosys and Tata Steel, rising between 2.5 per cent and 4.0 per cent, have strengthened the most among the gainers in the Nifty 50 basket. On the other hand, HUL, Tata Consumer, Reliance, NTPC and Cipla are the worst hit among the 33 losers in the 50-scrip pack. Here are a few important things to track on Dalal Street in the trading week starting December 16.
Domestic equity benchmarks logged mild gains during the trading week from December 9 to December 13, with the Nifty 50 rising 90.5 points, or 0.4 per cent. The overall gains were driven by strong buying interest in spaces like IT and consumer durables. On the other hand, stocks of PSU banks along with FMCG and oil & gas firms kept the upside in check. Bajaj Finance, Shriram Finance, Wipro, Infosys and Tata Steel, clinching weekly gains of between 2.5 per cent and 4.0 per cent, rose the most among the 17 gainers in the Nifty 50 basket. On the flipside, HUL, Tata Consumer, Reliance, NTPC and Cipla were the weekly losers in the pack, falling between 3.5 per cent and 6.0 per cent.
Here's how various sectoral gauges fared on NSE:
Index | Weekly Change (%) |
NIFTY IT | 2.9 |
NIFTY CONSUMER DURABLES | 1.7 |
NIFTY REALTY | 1.0 |
NIFTY FINANCIAL SERVICES | 0.7 |
NIFTY METAL | 0.4 |
NIFTY BANK | 0.1 |
NIFTY PRIVATE BANK | 0.0 |
NIFTY HEALTHCARE INDEX | -0.5 |
NIFTY AUTO | -0.8 |
NIFTY PHARMA | -1.2 |
NIFTY OIL & GAS | -1.4 |
NIFTY FMCG | -1.5 |
NIFTY PSU BANK | -1.9 |
NIFTY MEDIA | -6.0 |
Broader indices were a mixed bag, with the Nifty Midcap 100 and Nifty Smallcap 100 rising 0.5 per cent and falling 0.4 per cent respectively.
Foreign institutional investors (FIIs) net sold Indian shares worth Rs 226.7 crore during the week, while domestic institutional investors (DIIs) made net purchases to the tune of Rs 2,880 crore, according to provisional exchange data. However, for the month so far, FIIs and DIIs both have brought inflows to Dalal Street, having net purchased shares to the tune of Rs 11,706.9 crore and Rs 4,672.5 crore, respectively.
As market participants await a new week, here are a few key events set to be in focus on Dalal Street:
DOMESTIC
The week will begin with the scheduled release of a private PMI survey on manufacturing and services activities in the country, due at 10:30 am on Monday.
Later that day, monthly data sets on wholesale inflation trends and passenger vehicle sales in the country are due at noon.
Minutes of the December policy meeting are due at 5 pm on Friday.
GLOBAL
Date | Data/event |
Dec 16 | US, UK & Japan manufacturing & services PMI data, China factory output & unemployment data, ECB President Christine Lagarde speech |
Dec 17 | US factory output & retail sales data, UK unemployment data |
Dec 18 | US crude oil stockpiles data, Japan trade data, UK inflation data, Eurozone inflation data |
Dec 19 | Fed rate decision, BoJ rate decision, BoE rate decision, US jobless claims & home sales data |
Dec 20 | Japan inflation data, China rate decision, UK retail sales data, Hong Kong inflation data |
Catch all the latest stock market updates here. For all other news, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Large and Mid Cap Mutual Funds With Highest SIP Returns to in 3 Years: Rs 17,777 monthly SIP investment in No. 1 fund has converted into Rs 11,69,148
Rs 70 Lakh Home Loan vs Rs 70 Lakh Corpus From SIP Investment: Which can be quicker way to buy dream home? Know it through calculations
Retirement Planning: In how many years your Rs 8,000 monthly SIP investment will grow to Rs 1 cr, Rs 2 cr and Rs 3 cr
09:22 AM IST