An Ugly Week Ahead

2 comments Written on January 27th, 2014 by
Categories: General

Indian ADRs took a beating on Friday:

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The Dollar-Rupee Equation Went For A Little Toss

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This is a two month high (last price is the FX-Clear price at 5 pm, earlier prices are RBI Ref rates).

Things coming up this week:

  • RBI Monetary Policy (Tuesday 11 AM)  - My view is now that Rajan will raise the repo rate 0.25% or 0.50%.
  • 11,530 cr. of State Government Bills (Tuesday)
  • 7,000 cr. of T-bills auctioned (Wednesday)
  • US Fed Meeting Annoucement (Wednesday after Indian market hours) - My view: Another $10 billion of taper in what will be Bernanke’s last meeting as the governor.
  • F&O Expiry (Thursday)
  • Auto Sales data (Friday)

Lots of results this week as well.

  • Monday: Adani Ports, Adani Power, Escorts, Hindustan Unilever, Idea, Just Dial, Lanco
  • Tuesday: Hawkins, Jyothy Lab, Maruti, NTPC, Onmobile, Punjab and Sind Bank, Pidilite, Sesa Sterlite
  • Wednesday: Airtel, Brigade Enterprises, Crompton Greaves, Gail, Gujarat State Fertilizers, Havells, ICICI Bank, IOB, Tata Global, Titan,
  • Thursday: Arvind, BoI, EIH, Hero Motocorp,  Piramal Enterprises, Shoppers Stop, Sintex, Smartlink, Trent, Tata Tele, Voltas.
  • Friday: Canara Bank, Ballarpur, IDFC, Marico, NHPC, Syndicate Bank.

It’s going to be a rough week for stocks and bonds, with volatility hitting us hard. Great trading week if you can stomach the madness!

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About the Author:
http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@gmail.com.

2 comments “An Ugly Week Ahead”

Take a look at below post:
http://blogs.stockcharts.com/canada/2014/01/usd-appears-to-be-creating-a-sequel-pattern.html

If at all $ happens to repeat history in coming weeks/months then its going to surprise “masses” and imagine where INR will stand at that point in time!!!

may be 75+!!!

RBI Monetary Policy (Tuesday 11 AM) – My view is now that Rajan will raise the repo rate 0.25% or 0.50%.
Done !! Deepak :)


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