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US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.

Total income rose to Rs 2,958.7 crore in the October-December period of 2023-24 financial year from Rs 1,902.4 crore in the corresponding period of the previous year, according to a regulatory filing. In the first nine months of FY24, Macrotech Developers MD & CEO said the pre-sales (sales bookings) stood at Rs 10,300 crore, showing a robust 14% year-on-year growth and remains on track to deliver full-year guidance of Rs 14,500 crore.

In 1999-2000, the market cap of Asian Paints was ~$200m, just 2% of the largest consumer company then, Hindustan Unilever. Today Asian Paints’s market cap is $35bn, more than 50% of Unilever’s! Titan was a tiny cap during 2001-4 (the lowest was in 2001, a market cap of $25m, vs $40bn now!) when it entered the jewellery segment and changed the industry.

The Fed is trying to mop up liquidity. It just raised the lending rates in its discount window in a bid to take out some liquidity from the market. So that seems to be a precursor for QT being called out. So that will be another thing we will be watching out for on the 31st announcement, according to Ajay Bagga, Chairman, Elyments Platforms.

A recent RBI research delves into the empirics of retail credit growth and concludes that the quality of retail loan portfolio is healthy across banks, product categories, and borrower risk classes, even as growth continues to surge.

Besides the US Fed, ECB is increasingly confronted with calls for rate cuts given that deteriorating economic momentum shows the eurozone economy has more problems digesting higher rates than the US. The downward surprise in November inflation brought forward the market pricing of the first ECB rate cut to March 2024, with a total of 125 basis points of cuts priced in for 2024.

The year of the bulls, 2023 was marked by stabilized interest rates and heavy government PLI schemes, among other macroeconomic factors. More importantly, the disproportionate amount of net inflows pumped into these stocks by the domestic mutual funds industry is astounding.

In a Bull Call Spread strategy, a trader simultaneously buys a call option while selling another call option with a higher strike price. This strategy is ideal when a moderate upside in the price of MCX Gold or Silver is anticipated. The goal is to capitalize on the potential price increase while offsetting the cost by selling a higher-strike call option.