Weekly Triggers (July 06 – July 10)

Triggers Weekly 3 Weekly Triggers (July 06   July 10)

Trigger for the WeekHow will it impact?
Daily tally of Coronavirus cases continued to rise exponentiallyWith daily cases crossing 20,000, there are fears that the lockdown may now be extended beyond July 31
Nifty scales a four-month high led by banks and RILMost rate sensitives have rallied on hopes of a growth pick-up and lower rates going ahead
Timely and adequate monsoons in June should be a positiveThe monsoon journey till July hints at record Kharif output this year and food inflation in control
Auto sales dip but tractor sales show good tractionThe week is likely to be positive for tractor makers like Escorts and Mahindra & Mahindra
Efforts on COVID Vaccine has been progressing rapidlyWith Bharat Biotech taking the lead, it is likely to be positive for the pharma and healthcare space
The all important results of TCS are scheduled on July 09thTCS could take a hit on 5% fall in revenues as well as on cross currency headwinds putting pressure on the stock
FY20 results from marquee names are still expected this weekBig names scheduled to announce FY20 results include IRCTC, NBCC, Camlin, Bodal, IFB Agro and Sadbhav
Sharp appreciation in the INR should boost equity marketsINR appreciated over 95 paisa on risk on sentiments and is now 200 bps off its low, and may boost FPI flows
FIIs sold Rs.5333 crore in the week but were net buyers in JuneThe shift in sentiments was clear after FPIs turned net buyers for the first time in the year 2020
IIP for May is expected to be put out on the 10th of MayAny bounce will be welcome after the 55% fall in IIP in the month of April 2020
PMI Manufacturing and PMI Services showed tractionWhile contraction is still a reality, June saw some improvement in PMI in terms of momentum
Indo China border situation shows signs of escalating once againWith the huge defence orders placed with Russia and sabre rattling, the border standoff could be an overhang
Insurance stocks could see action on Nifty inclusionHDFC Life and SBI Life to enter Nifty in place of Zee and Vedanta, which could boost ETF buying
Key global macro data points could hold the key to the weekUS PMI, vehicle sales, jobless claims, EU retail sales, Japan current account and China inflation will impact

 

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