Market may remain volatile ahead of F&O expiry
Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the week ahead.
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month December 2015 series to January 2016 series. The near month December 2015 derivatives contracts expire on Thursday, 31 December 2015.
Shares of automobile companies will be in focus as companies start announcing monthly sales volume data for December 2015 from Friday, 1 January 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due at the month end. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end. PSU OMCs also review jet fuel prices on the last day of the month.
Shares of aviation firms will be in focus as a regular jet fuel price review is due at the month end. PSU OMCs revise jet fuel prices on the last day of the month based on the average imported oil price during the month. Prices of ATF constitutes approximately 50% of operating expenses of Indian airlines.
On the global macro front, Conference Board (CB) Consumer Confidence data in the US, which measures the level of consumer confidence in economic activity, will be unveiled on Tuesday, 29 December 2015.
The National Association of Realtors (NAR) will unveil the Pending Home Sales data in the US on Wednesday, 30 December 2015.
China Manufacturing Purchasing Managers Index (PMI) report will be unveiled on Thursday, 31 December 2015.
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month December 2015 series to January 2016 series. The near month December 2015 derivatives contracts expire on Thursday, 31 December 2015.
Shares of automobile companies will be in focus as companies start announcing monthly sales volume data for December 2015 from Friday, 1 January 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due at the month end. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end. PSU OMCs also review jet fuel prices on the last day of the month.
Shares of aviation firms will be in focus as a regular jet fuel price review is due at the month end. PSU OMCs revise jet fuel prices on the last day of the month based on the average imported oil price during the month. Prices of ATF constitutes approximately 50% of operating expenses of Indian airlines.
On the global macro front, Conference Board (CB) Consumer Confidence data in the US, which measures the level of consumer confidence in economic activity, will be unveiled on Tuesday, 29 December 2015.
The National Association of Realtors (NAR) will unveil the Pending Home Sales data in the US on Wednesday, 30 December 2015.
China Manufacturing Purchasing Managers Index (PMI) report will be unveiled on Thursday, 31 December 2015.
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