Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
2-min read

Growth Data, Derivatives Expiry to Influence Equity Markets

According to market observers, investors' risk-taking appetite will also depend upon global cues, direction of foreign funds movement and any further development over divestment and consolidation of public sector undertakings.

IANS

Updated:August 27, 2017, 5:12 PM IST
facebookTwittergoogleskypewhatsapp
Growth Data, Derivatives Expiry to Influence Equity Markets
NSE (National Stock Exchange) building is seen in Mumbai. (Photo: Reuters/Shailesh Andrade)
Loading...
Mumbai: Macro-economic data points, especially the country's quarterly economic growth figures, along with derivatives expiry are expected to influence the movement of equity indices next week.

According to market observers, investors' risk-taking appetite will also depend upon global cues, direction of foreign funds movement and any further development over divestment and consolidation of public sector undertakings.

"Main data points such as the ECI, quarterly GDP growth rate and fiscal deficit will have a major bearing on the equity markets," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, said.

"Apart from official data releases, automobile sales figures for August and stock-specific developments will continue to influence the equity markets."

The Ministry of Commerce and Industry will release the Index of ECI (eight core industries) figures for August 2017. This will be followed by the release of the country's fiscal deficit and quarterly estimates of GDP growth for the first quarter of 2017-18.

Subsequently, the monthly automobile sales figures and the Purchasing Managers' Index (PMI) manufacturing data will be released on September 1.

In addition to key data points, derivatives expiry on August 31, Thursday, will be the other major theme for the week, even as volatility is expected to flare up on account of foreign funds outflows. This might even impact the Indian rupee.

Last week's provisional figures from the stock exchanges showed that foreign institutional investors (FIIs) sold stocks worth Rs 4,666.53 crore, while DIIs bought scrip worth Rs 2,883.99 crore during August 21-24.

Similarly, the National Securities Depository (NSDL) revealed that foreign portfolio investors (FPIs) divested equities worth Rs 5,281.52 crore, or $824.17 million, during the trade week ended August 24.

"Short-term volatility can be high as the stock market remains choppy. Next week traders will focus on US jobs data," Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, told IANS, adding that a rupee range of 63.80-64.20 to a US dollar can be expected next week.

The Indian rupee had strengthened by 11 paise to close the last week at 64.03-04 to a US dollar from its previous week's close at 64.14.

On technical levels, the NSE Nifty is expected to continue on its upward trajectory after crossing the immediate resistance level of 9,950 points.

"Technically, Nifty showing minor upmove in the (last) week after a strong week earlier represents consolidation," elaborated Deepak Jasani, Head of Retail Research for HDFC Securities.

"Hence, Nifty has to move, sustain above 9,950 points levels to witness further upmoves. The immediate support is at 9,750 points levels."

Last week, key equity indices closed on a flat-to-positive note on the back of short covering and influx of domestic funds.

Consequently, the 30-scrip Sensitive Index (Sensex) of the BSE rose 71.38 points or 0.99 per cent to 31,596.06 points.

The NSE Nifty50 inched-up by just 19.65 points or 0.2 per cent to close the week's trade at 9,857.05 points.
| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 344.70 7.97
Reliance 1,325.90 4.62
Indiabulls Hsg 814.55 12.63
ICICI Bank 407.70 4.62
HDFC 2,122.50 6.46
Company Price Change %Gain
Reliance 1,325.50 4.72
Axis Bank 782.75 4.62
Indiabulls Hsg 811.05 12.47
SBI 344.60 8.04
Yes Bank 143.60 6.73
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 814.55 12.63
Adani Ports 400.10 8.99
IndusInd Bank 1,494.65 8.82
SBI 344.70 7.97
Tata Motors 190.15 7.52
Company Price Change %Gain
IndusInd Bank 1,492.60 8.64
SBI 344.60 8.04
Tata Motors 190.00 7.53
Yes Bank 143.60 6.73
Larsen 1,451.05 6.55
Top Losers
Company Price Change %Gain
Dr Reddys Labs 2,589.40 -5.67
Zee Entertain 362.50 -2.59
Bajaj Auto 3,006.30 -1.11
Tech Mahindra 779.35 -0.70
Infosys 722.40 -0.21
Company Price Change %Gain
Bajaj Auto 3,005.85 -1.18
Infosys 722.40 -0.19

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results