D-Street Week Ahead: Macro data, FII activity, global indices set to influence market
The domestic equity benchmark Nifty 50 rose 225.9 points, or 1.0 percent, during the four-period week ended December 27, driven by gains across multiple sectors. Buying in financials, autos, healthcare and FMCG stocks led the broader rally on Dalal Street although selling in some metal stocks played spoilsport, limiting upside. The Sensex rose 657.5 points, or 0.8 percent, during this period.
Here is a summary of some of the top gainers and losers among NSE sector gauges:
Index | Weekly change (%) |
Nifty Auto | 2.30 |
Nifty Pharma | 2.25 |
Nifty Healthcare | 1.55 |
Highest value of FMCG | 1.52 |
Nifty Private Bank | 1.22 |
Nifty Bank | 1.09 |
Nifty IT | -0.11 |
Nifty Metal | -1.05 |
Nifty Media | -1.81 |
As market participants await a new trading week that will take Dalal Street into the New Year, here are a few things to keep an eye on this time.
HOME VIEWS
Official data on eight key sectors—capturing infrastructure activity—is due at 5:30 pm on Tuesday.
On Thursday, a private PMI survey on manufacturing activity in the country will be conducted at 10:30 am.
The flow of institutions will continue to focus on Dalal Street this week.
In the shortened Christmas holiday week, foreign institutional investors (FIIs) sold Indian stocks to the tune of Rs 6,322.9 crore while domestic institutional investors (DIIs) bought a total of Rs 10,928 crore, according to provisional exchange data.
In December so far, FIIs have sold an equivalent amount of Rs 10,444 crore on Dalal Street while net purchases by DIIs amount to Rs 27,474 crore.
WORLD CURRENCIES
The day | The event |
Monday, December 30 | Hong Kong trade data, US home sales data |
Tuesday, December 31 | China releases PMI data, US housing data |
Wednesday, January 1 | US crude oil stockpiles data |
Thursday, January 2 | UK house price data, Eurozone manufacturing PMI data, US jobless claims data |
Friday, January 3 | German unemployment data, US productivity data |
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