The week ahead: Macro data to drive the markets ahead…

Led by the continuing carnage in PSU Banking stocks, the India benchmark indices – the Sensex and the nifty closed at 33,307 and 10,227. The selloff in metal stocks and weak global sentiments further added fuel to the Indian markets making the sentiments bearish.

Going ahead, there is a slew of economic data to be released and the market movements are likely to be influenced by these numbers which includes – IIP data for January 2018 and inflation numbers for February. The markets are also likely to be influenced by the outcome of the GST meeting that concluded on last Saturday. Other factors that are likely to influence market movements include – crude oil movement and US CPI data for February.

Overall, the present scenario does not look cheerful. The stock indices show a downward tilt and it is likely to continue the downward movement in the short term.

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The week ahead : The uptrend may continue.

Although the past week started off in a lacklustre way, the indices gained momentum in the later part of the week and managed to end on a positive note at 34142 and 10491. IT and banking sectors made strong moves resulting in the indices not moving downwards.

Going ahead, the major focus will be on the words of the new fed chairman jay Powell. The other major events to be watched include February auto sales data, crude oil prices, Rupee movement against the dollar, US GSP and job data.

As far stock picking is concerned, in our opinion, investments should be made in large caps rather than small or mid cap stocks because most of the stocks in this space have already witnessed carnage last month breaching major support levels.

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The week ahead: Right time to pick up stocks.

The Indian stock markets ended slightly lower owing to string FII selling, PNB scam and volatile crude oil prices. Markets were trading low for the third consecutive week with negative sentiments and lack of buying support. – The Sensex closed at 34011 and the nifty at 10452 denoting narrow range movement for the whole week.

Moving ahead, it could be a tepid trading week as the negative sentiment that has kicked in may not be easily erased out of the market. A strong reversal in the global indices can influence the markets. The rupee movement and FII flows are other parameters to be watched. For the week ahead, expect the sensex and the nifty to trade in a range of 33500-34500 and 10250-10550 with negative bias. Its right time for Long term investors to pick up stocks.

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The week ahead:awaiting an eventful week…

Supported by Good Q3 results and continued DII and FII investments, the markets recorded its longest winning streak, closing in green 8 weeks in a row. The Sensex closed at 36,050 while nifty closed at 11,069. However investors should be cautious since the stocks are now overvalued, especially the small and mid-cap stocks.

Going ahead, the market participants will be keen to hear the budget commentary and react accordingly. There is already a hint from the finance minister that agriculture is going to get more priority in this budget – with rising rural discontent; this could be the logical remedy to win back rural vote banks. There are many other events which might influence the markets – like the January auto sales numbers, outcome of Fed meeting and the US job data. A negative cue from any of these factors can trigger a correction in the benchmark indices. Overall, investors may tread cautiously as it is a very sensitive week.

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