| Trigger for the Week |
How will it impact? |
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- Nifty -0.53% down, Sensex -0.52% lower for the week ended 12-Dec
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- After a weak opening, markets recovered in the last 2 days; that leaves markets with optimism for next week
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- Mid-cap index -0.51% lower; small cap index -0.67% down this week
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- While late buying was seen in large caps, the smaller stocks also held up this week, with limited losses
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- Key corporate actions with record date in the coming week to 19-Dec
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- Moneyboxx Finance (Bonus); Knowledge Marine, Nuvama Wealth (Stock Split); Can Fin Homes (Dividends)
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- The Indian rupee will be in focus next week after closing at ₹90.6/$
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- The RBI rate cut accentuated the pressure on the rupee and at 90+, hedging pressure is also likely to build up
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- DPIIT to announce the WPI inflation for November in the coming week
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- In line with the CPI inflation, the WPI inflation is expected to also harden from -1.21% to around -0.60%
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- DGFT to announce trade balance for November on goods and services
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- Merchandise deficit had peaked at$41.68 billion last month and a lot will depend on gold imports in Nov-25
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- RBI MPC minutes to be published by the RBI on Friday next week
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- RBI MPC minutes will provide a trajectory of further rate cuts, if any, with implications for benchmark bond yields.
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- BLS to put out US unemployment rate for November on Tuesday
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- For now, the unemployment rate is likely to be static at around 4.4%, so impact on rate action may be limited
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- US Nov CPI inflation and Oct PCE inflation to be put out this week
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- While CPI inflation is expected to stabilize around 3.0%, the PCE inflation is likely to inch higher from 2.8%
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- US FOMC speak to offer critical cues to markets ahead of new year
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- The week will see key Fed speeches by John Williams, Chris Waller, and Raphael Bostic for updated cues
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- One IPO to close next week and just one IPO to open for subscription
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- IPO of ICICI Pru AMC will be watched for IPO response; while KSH International’s ₹710 crore IPO will open
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- Nifty S/R at (25,971/26,090); Sensex S/R (85,043/85,407) for next week
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- Crucial levels for change in Long View will be 25,794 for Nifty and 84,483 for Sensex; with Shorts only below that
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- Key data points from US markets to be keenly watched this week
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- Building Permits, Core Retail Sales, Retail Inventories, API Crude Stocks, Jobless Claims, Fed Balance Sheet
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- Key data points from ROW markets to be keenly watched this week
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- IIP, CPI, ECB Policy (EU); PMI, Trade Surplus (Japan); Jobs, CPI, BOE Inflation Letter (UK); IIP, FAI (China)
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