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An Ugly Week Ahead

Deepak Shenoy1 min read
Quick Facts
What is "An Ugly Week Ahead" about?
What category is this article in?
General
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 27 January 2014.
How long does this article take to read?
1 min read
What does the "Things coming up this week:" section say?
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)
What does the "Lots of results this week as well." section say?
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.

Indian ADRs took a beating on Friday:

image

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!