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Posted on 14-Feb-2020 Comments  0

Weekly Capsule (Feb 17 – Feb 21) and Impact Analysis

AGR ruling by the Supreme Court to be the big trigger for the week The ruling is likely to favour Bharti Airtel and is likely to be loaded against Vodafone Idea on funding concerns

High inflation is likely to keep pressure on financials CPI inflation at 7.59% raises the spectre of higher bond yields, which is negative for bank bond portfolios

Trade deficit crosses the $15 billion mark in January 2020 Trade deficit getting back to past the $15 billion mark will keep the pressure on the INR and FPI flows

Chinese Coronavirus has crossed 1500 death toll and spreading This has continued to be an overhang for the global markets and could rub off on India too

DMART may continue to be the cynosure of all eyes this week The stock corrected 7% after the QIP dilution and the OFS by the promoters and that could be an overhang

Crude is expected to bounce back during the coming week While the virus toll could peak, oil could get a boost from a joint OPEC/Russia supply cut extension

Big bank merger announcement is expected during the week The plan to merge 10 banks into 4 banks could be fully completed before the end of April this year

Key data points are expected from the international markets FOMC minutes, US Manufacturing PMI, Euro core CPI and jobs as well as Japan Manufacturing PMI expected

Dollar strength to be closely watched this week As Dollar makes a strong start to the year, INR could see sharp weakening beyond the 71.40/$ mark to 72 levels

RBI MPC minutes will be announced on Thursday 20th Feb Minutes will be crucial in setting the tone of future rate action based on critical discussions of MPC members

With telcos on the brink, banks maybe under pressure this week Banks have overall exposure of Rs.150,000 crore to telecom in fund-based and non-fund based facilities

Yes Bank fund raising plans will be closely watched For Yes Bank, funding promises must quickly translate into capital flows to sustain core capital of the bank

Dealers ask auto makers to shift to BS-VI production fully This could impact auto makers as SC has rejected the FADA request to sell BS-IV vehicles after April 2020

China to support local producers hit by the Coronavirus pandemic This could be like a mini stimulus but also endangers India’s plans to take over the Chinese space


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