Macroeconomic numbers: Key economic indicators IIP data and inflation numbers will be key determinants of market movement this coming week. The industrial production growth slowed in September to 3.8 per cent from a nine-month high of 4.5 per cent in August, the governemnt data showed.
Inflation data based on consumer price index (CPI) for October 2017 will be declared on Monday, November 13 after market hours. CPI rose 3.28 per cent in September 2017, unchanged from August 2017. Inflation numbers based on wholesale price index (WPI) for October 2017 will come out on Tuesday, November 14.
Crude oil prices: Movement of crude prices will be tracked closely by investors. Crude has been on a boil since the last few sessions, thanks to efforts led by Opec and Russia to tighten the market by cutting output, as well as strong demand and rising political tensions. Earlier in the week, Brent rose to $64.65, its highest since June 2015, and WTI hit $57.92, its highest since July 2015.
GST rates :The GST Council, in its 23rd meeting in Guwahati, slashed tax rates on 200 items, ranging from chocolates to wristwatches. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC
Axis Bank sealed a deal with Bain Capital and LIC to raise Rs 11,626 crore. The bank proposes to raise Rs 9,063 crore through issuance of equity and the remaining Rs 2,563 crore via issue of warrants, it said in its press release. The stock will be on investors’ radar on Monday.
Larsen & Toubro announced that the heavy civil infrastructure business vertical of L&T Construction bagged an order worth Rs 8,650 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link, Package 01 & 03.
The project involves the construction of a 21.8 km bridge connecting Mumbai mainland with Navi Mumbai.
The package -01 of the contract involves the construction of a multi-level interchange at Sewri and a 6-lane marine bridge from Sewri to 10.38 Km into the Mumbai bay, crossing over the Sewri mudflats, Pir Pau Jetty and Thane Creek channels. The contract, secured in partnership with IHI Corporation, Japan involves the construction of an orthotropic steel deck crossing the various obligatory navigation channels which will be first of its kind in India.
Tyre major Apollo Tyres has planned a capital expenditure (capex) of Rs 4,500 crore for financial years 2017-18 and 2018-19. The proposed capex includes setting up a new unit in India and expanding the existing facilities in Chennai and Hungary.
Foreign investors were buyers in the Indian equity market following Moody’s upgrade of the country’s sovereign rating but their continued purchases will depend on how the economy and corporate earnings perform.
Market experts said the upgrade had boosted sentiment, with HSBC saying the development might help alleviate worries over potential macro risk in India due to rising crude oil prices. However, a pick-up in earnings growth and reasonable valuations are indicators that FPIs are likely to wait for before allocating fresh money into Indian equities.
FPIs bought shares worth Rs 1,276.62 crore on Friday, provisional data showed.
The government plans to set up a committee for an institutional framework on large-scale adoption of electric vehicles in India as a viable clean energy mode – particularly for shared mass transport – to help bring down alarming levels of pollution in big cities.
A week after Moody’s upgraded India’s credit rating and praised the reforms taken by Narendra Modi government, now S&P has backed BJP-led National Democratic Alliance (NDA) coalition to dominate the electoral scene. In its report, S&P said that the ruling party continues to consolidate its power at the state level and, despite obstacles to the implementation of reform, strong growth is likely to continue.
Stock markets are volatile, and the reasons behind the stocks rise and fall can be complex, we can not give an accurate information about the market movement. Stock prices are affected by a number of factors and events, some of which create an impact on stock prices directly and various another factors that do so indirectly. If a trader is new, It is better to refer stock tips to take the right decision at the time of sudden changes in stock price.
Following are the main reasons that influence a stock price
1.Government policies -
Governments hold its strong position in the free markets and have an intense effect on the financial market place. By increasing and decreasing interest rates the government effectively slow or speed up growth within the country, this is called monetary policy. If government spending increases, fiscal policy is used to adjust spending levels in a nation’s economy.
2.Level of foreign investment-
In recent times, the level of FDI (foreign direct investment) has played a significant role in influencing prices of stocks. If the value of foreign direct investment increases then automatically the stock prices increase similarly If the level of foreign investment would decreases then the markets fall.
3.Changes in economic policy -
If the new government come into their existence, they may launch new policies, new rules and regulation in the market. This will affect the price. Sometimes these changes can be good or sometimes it may be bad for the people. This may lead to change in interest rate so it may affect stock prices.
The government has announced the post-GST rates for claiming rebate of state taxes under the scheme for Remission of State Levies (RoSL) on exports of readymade garments and made-ups, in a bid to support the outward shipments.
The government has also doubled the rates for incentives under an export promotion scheme – MEIS – to 4 per cent for readymade garments and made-ups.
Builder DLF has approved the plan to raise Rs 11,250 crore through issue of debentures and share warrants to promoters. The company will also offer 17.30 crore shares through either a public issue or private placement, DLF said in a regulatory filing.
Infosys, on Sunday named Salil S Parekh as its new chief executive officer and managing director.
The appointment was approved by the Infosys board of directors for a period of five years, subject to approval of shareholders and other regulatory requirements. The appointment was made based on the recommendation of the Nomination and Remuneration Committee which concluded its global search for a CEO and MD,
Tata Motors managed to regain the number three spot in passenger vehicles which it had lost to Mahindra & Mahindra (M&M) five years ago.
Sales of all passenger vehicles sold by Tata Motors surpassed that of M&M last month as per data revealed by both the companies.
Tata Motors clocked volumes of 17,157 units during November as against 16,030 units clocked by M&M during the same month. While Tata Motors volumes jumped by 35 percent that of M&M surged by 21 percent.
Wipro, India’s third largest software exporter, on Friday said it would challenge a USD 140 million lawsuit filed by electric utility firm National Grid US over an Enterprise Resource Planning (ERP) project which began in 2009.