Dalal Street Week Ahead: FII activity, global indices will take center stage
Share Market News, Nifty 50, Sensex: Domestic equity benchmarks posted strong gains last week driven by gains across multiple sectors led by auto, IT, consumer durables and FMCG stocks, easing fears among some market segments fueled by a sharp decline in Adani stock. Selling pressure in oil and gas stocks, however, limited the major gauges from rising higher. The Sensex posted a weekly gain of 1,536.8 points, or 2.0 percent, while the Nifty50 added 374.6 points, or 1.6 percent, driven mainly by the late recovery on Friday.
As market participants await the new trading week, here are a few key features and events to focus on on Dalal Street between November 25 and November 29.
This week is set to be less eventful than the previous one due to the lack of major initiatives and important events.
HOME VIEWS
Institutional flow
The flow of domestic and foreign institutions will remain prominent this week.
Last week, foreign institutional investors (FIIs) sold Indian stocks worth Rs 11,414 crore while domestic institutional investors also made the exits, with total purchases amounting to Rs 11,037 crore, according to provisional exchange data.
In November so far, FIIs have withdrawn Rs 40,947 crore from Dalal Street equities while domestic funds have bought shares worth Rs 37,559 crore, according to the data.
All eyes on NTPC Green Energy list
The IPO market will remain on investors’ radar, with shares of NTPC’s subsidiary NTPC Green Energy set to enter the low-listing space on Wednesday.
ALSO READ: NTPC Green Energy IPO: How to check allotment status online
A mixed earnings season, the market is back to business as usual…
Overall, it was a mixed season for market participants, with its sets of hits and misses.
With the season of earnings and related indicators now completely over, the focus is back on fundamentals and metrics, analysts say.
UPDATE: Gautam Adani, other defendants allegedly paid $250 million to Indian government officials; Adani’s group says the allegations are baseless Rahul Gandhi criticizes the agency, says Gautam Adani should be arrested, wants removal of Sebi Chief
Macroeconomic data
No big home data sets needed this week.
However, the official GDP reading for the quarter, expected in trading hours on Friday, will be out next week.
WORLD CURRENCIES
- Tuesday: Hong Kong trade data, US housing sales data
- Wednesday: Minutes of the final FOMC review, US crude oil stockpiles data, US GDP data, US jobless claims data
- Thursday: Eurozone consumer confidence data, GERmany inflation data
- Friday: Japanese unemployment, industrial production and retail sales data; France inflation & GDP data; German trade data; Eurozone inflation data
Get all the latest stock market updates here. For all other news in popular sectors like technology, automobiles and personal finance, and many more, visit Zeebiz.com.
