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F&O, Fii Flow, Omicron expiration likely to be in the spotlight

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F&O, Fii Flow, Omicron expiration likely to be in the spotlight

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Foreign fund flows, derivative expiration and updates on the Omicron variant of COVID-19 will once again be the center of attention on Dalal Street, in the week starting December 27. Activity on the primary market will also be in the spotlight.

Last week, the Sensex and Nifty50 posted a second consecutive weekly gain, increasing 2% each. IT, consumer goods and pharmaceutical stocks helped the stock end the week higher, although PSU banking stocks played a spoiling role.

Volatility can be expected during the last week of the calendar year, with the expiration of monthly futures and options contracts due on December 30th. News related to COVID cases and restrictions aimed at curbing the spread of the pandemic will be closely followed.

“The recent volatility indicates a caution that the new COVID variant could lead to a restriction of economic activities because its transmission rate is high although it is less severe … After the initial chop, world markets, the United States , are taking hold now, but that is not the case in our markets at the moment, ”said Ajit Mishra, vice president of research at Religare Broking.

He believes that a decisive close above 17,150 would result in further gains for the Nifty50, otherwise profit taking would resume. “Traders should watch the banking index closely for indices,” he said.

The general tone of the market has turned slightly bearish, according to Yesha Shah, Head of Equity Research at Samco Securities.

“Nifty is trading in a downward sloping channel and continues to remain volatile. Bank Nifty, which was already reflecting weakness, has broken the crucial support level and may retest the 34,000 level,” she said.

Shah advises traders to maintain a bearish bias as she believes the upside will remain capped at the 17,350 hurdle. “A decisive break above that level will negate this bearish outlook,” she said.

Here are the main factors and events likely to influence Dalal Street during the week of December 27:

Monthly data on infrastructure production are expected on Friday. Quarterly current account numbers are due the same day.

The minutes of the last bimonthly central bank policy review are due on December 22.

Three stocks will hit the secondary market this week.

  • Monday: HP Adhesives
  • Tuesday: Supriya Life Sciences
  • Friday: CMS Information Systems
  • Fund flows will be closely monitored. Foreign institutional investors net Indian stocks sold worth Rs 4,355.3 crore ($ 573.1 million) last week, according to provisional exchange data.

    Society Expiration date Goal Registration Date
    NINtec Systems 29-Dec-21 AGE
    Andhra sugars 30-Dec-21 Stock divided from Rs 10 to Rs 2 31-Dec-21
    GAIL 30-Dec-21 Interim dividend Rs 4 31-Dec-21
    MOIL 30-Dec-21 Share buyback 31-Dec-21
    Polo Queen Industrial and Fintech 30-Dec-21 Stock divided from Rs 10 to Rs 2 31-Dec-21
    Sahyadri Industries 30-Dec-21 Interim dividend Rs 3 31-Dec-21
    Taparia Tools 30-Dec-21 Interim dividend Rs 70 31-Dec-21
    Visagar Financial Services 31-Dec-21 AGE

    Separate monthly data on home sales and crude oil inventories are expected Wednesday.

    Employment data is due Thursday.

    Monthly housing figures will be released on Thursday.

    Data on retail sales in Japan is due on Monday. Separate data on unemployment and industrial production in the country are expected on Tuesday.

    Chinese manufacturing PMI figures are due on Friday.

    F&O, Fii Flow, Omicron expiration likely to be in the spotlight

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