Macroeconomic data to dictate trend
Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. 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.
Shares of Bank of Baroda, Jindal Steel & Power (JSPL), Jaiprakash Associates, Housing Development & Infrastructure and UCO Bank will on Monday, 15 February 2016, react to their Q3 December 2015 earnings scheduled to be released on Saturday, 13 February 2016.
The stock market will on Monday, 15 February 2016, react to data on consumer price inflation for January 2016 and industrial production data for the month of December 2015. Industrial production data for December 2015 will be announced by the government after market hours on Friday, 12 February 2016. Industrial production declined 3.2% in November 2015 over a year ago period. The government will also announce after market hours on Friday, 12 February 2016, data on inflation based on the consumer price index (CPI) for January 2016. CPI inflation inched up to 5.61% in December 2015 from 5.41% in November 2015.
Data on inflation based on the wholesale price index (WPI) for January 2016 is due to be released by the government on Monday, 15 February 2016. WPI inflation stood at minus 0.73% in December 2015, compared with a reading of negative 1.99% in November 2015.
The next major trigger for the market is Union Budget 2016-17, which will be unveiled in the Parliament by the finance minister Arun Jaitley on 29 February 2016. Investors want to see if the government is able to keep spending on areas such as building rural roads, houses and other infrastructure, without letting its fiscal deficit targets slip. The Budget session of parliament will begin on 23 February 2016 and will continue till 13 May 2016 with recess from 17 March 2016 to 24 April 2016. The presentation of Railway Budget will be on 25 February 2016, to be followed by the finance ministry's Economic Survey on 26 February 2016.
On the global front, China's trade data for the month of January 2016 is scheduled on Monday, 15 February 2016. US Industrial production numbers for January 2016 are scheduled on Wednesday, 17 February 2016. Data on US initial jobless claims for the week ending 12 February 2016 is set to be released on Thursday, 18 February 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. 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.
Shares of Bank of Baroda, Jindal Steel & Power (JSPL), Jaiprakash Associates, Housing Development & Infrastructure and UCO Bank will on Monday, 15 February 2016, react to their Q3 December 2015 earnings scheduled to be released on Saturday, 13 February 2016.
The stock market will on Monday, 15 February 2016, react to data on consumer price inflation for January 2016 and industrial production data for the month of December 2015. Industrial production data for December 2015 will be announced by the government after market hours on Friday, 12 February 2016. Industrial production declined 3.2% in November 2015 over a year ago period. The government will also announce after market hours on Friday, 12 February 2016, data on inflation based on the consumer price index (CPI) for January 2016. CPI inflation inched up to 5.61% in December 2015 from 5.41% in November 2015.
Data on inflation based on the wholesale price index (WPI) for January 2016 is due to be released by the government on Monday, 15 February 2016. WPI inflation stood at minus 0.73% in December 2015, compared with a reading of negative 1.99% in November 2015.
The next major trigger for the market is Union Budget 2016-17, which will be unveiled in the Parliament by the finance minister Arun Jaitley on 29 February 2016. Investors want to see if the government is able to keep spending on areas such as building rural roads, houses and other infrastructure, without letting its fiscal deficit targets slip. The Budget session of parliament will begin on 23 February 2016 and will continue till 13 May 2016 with recess from 17 March 2016 to 24 April 2016. The presentation of Railway Budget will be on 25 February 2016, to be followed by the finance ministry's Economic Survey on 26 February 2016.
On the global front, China's trade data for the month of January 2016 is scheduled on Monday, 15 February 2016. US Industrial production numbers for January 2016 are scheduled on Wednesday, 17 February 2016. Data on US initial jobless claims for the week ending 12 February 2016 is set to be released on Thursday, 18 February 2016.
No comments:
Post a Comment