Dalal Street Week Ahead: FII activity, global cues set to take centre stage

Share Market News, Nifty 50, Sensex: Domestic equity benchmarks clinched strong gains last week driven by gains across most sectors led by auto, IT, consumer durable and FMCG shares, shrugging off bouts of nervousness among certain section of the market fueled by sharp cuts in Adani stocks. Selling pressure in oil & gas shares, however, restricted the main gauges from scaling further heights. The Sensex logged a weekly gain of 1,536.8 points, or 2.0 per cent, while the Nifty50 added 374.6 points, or 1.6 per cent, primarily driven by a fag-end recovery on Friday. 

As market participants await a fresh trading week, here are a few key factors and events that will be in focus on Dalal Street between November 25 and November 29. 

This week is set to be less eventful than the last due to lack of major triggers and key events.  

DOMESTIC CUES 

Institutional flows

Domestic and foreign institutional flows will remain in the spotlight this week.

Last week, foreign institutional investors (FIIs) net sold Indian equities worth Rs 11,414 crore while domestic institutional investors once again made up for those outflows, with net purchases to the tune of Rs 11,037 crore, according to provisional exchange data. 

In November so far, FIIs have pulled out a net Rs 40,947 crore from Dalal Street equities while domestic funds have net bought shares worth Rs 37,559 crore, according to the data. 

All eyes on NTPC Green Energy listing

The IPO market will remain on investor radar, with NTPC subsidiary NTPC Green Energy's shares set to enter the listed space tentatively on Wednesday. 

ALSO READ: NTPC Green Energy IPO: How to check allotment status online 

Mixed earnings season, market back to business as usual...

Overall, it was a mixed earnings season for market participants, with its own sets of hits and misses. 

With the earnings season and the related cues now completely out of the way, the focus is back to fundamentals and valuations, say analysts.   

ALSO READ: Gautam Adani, other defendants allegedly paid $250 million in bribes to Indian government officials; Adani group says allegations baseless | Rahul Gandhi slams Centre, says Gautam Adani should be arrested, seeks Sebi Chief's removal

Macroeconomic data

No major domestic data set is due this week.

However, an official quarterly GDP reading, due post-market hours on Friday, will be in the spotlight next week.   

GLOBAL CUES

• Tuesday: Hong Kong trade data, US home sales data  
• Wednesday: Minutes of last FOMC review, US crude oil stockpiles data, US GDP data, US jobless claims data
• Thursday: Eurozone consumer confidence data, GErmany inflation data
• Friday: Japan unemployment, industrial production and retail sales data; France inflation & GDP data; Germany trade data; Eurozone inflation data

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