INSUBCONTINENT EXCLUSIVE:
RBI last week nixed hopes of liquidity boost to NBFCs, Opec decided to go for a major crude output cut and the arrest of a senior Huawei
executive flared up trade tensions between the US and China
State election results, inflation numbers and geopolitical developments will be the key factors deciding the course of the market during
Let's take a look:
The D-dayAll eyes will be on December 11, Tuesday, when the results of assembly elections in MP, Rajasthan,
Chhattisgarh, Telangana and Mizoram will come out
The elections were touted as the semifinal to the general election 2019 and the market may see a sharp correction if they show diminishing
Research said in a report
Exit polls by several channels have predicted a photo finish between BJP and Congress in MP and Chhattisgarh, while Congress is seen taking
The US-China sagaThe market is holding its breath and praying for longevity of the trade truce between the US and China, which seemed to
have been jeopardised by the arrest of Huawei Technologies CFO Meng Wanzhou
The arrest may aggravate an already tense trade relation between the US and China
economic future and its pride
European turmoilTwo major happenings in Europe may have greater political and economic significance - Britain's Brexit and France's 'yellow
The British Parliament will vote on Brexit on Tuesday, but the probability of Theresa May's Brexit transition deal getting approved looks
The Brexit chaos is likely to hit sterling and equity markets
By mid-afternoon Saturday, police arrested more than 1,000 people nationwide and held 720 in custody, with 135, including security personnel
Spectre of a recessionUS treasury yields are making analysts worried
An inverted yield curve - when short-term bonds give more returns than a long-term bond - is signalling all is not well with the US economy
Such curve inversion has preceded every recession in last 40 years
Now, the market is watching with rapt attention how Fed will react amid signs of slowdown when inflation is running high and the rate of
unemployment is at a near-50 year low
Macro data to watchA number of key macroeconomic prints are slated for the week
India's industrial production and manufacturing output data for October will be released on Wednesday
Inflation prints - CPI and WPI - for November will be out on Wednesday and Friday, respectively
On the global front, investors will be watching US non-farm payrolls report, US core inflation data, China's inflation data and China's
Crude price movementThe Opec cartel and its Russia-led allies have decided to cut oil production from January by 0.8 million barrels per
The decision made crude oil prices jump up to 5 per cent in global markets
The prospects of higher crude prices are not a good omen for India, which is a major importer of crude oil
The Indian currency may come under pressure if oil price rises, which will have a bearing on the country's fiscal maths
remained below its 200-Day Moving Average (DMA)
