Russian-Ukrainian war, crude oil, Covid and Fii flow will be on investors’ radar


With major central bank meetings now behind us, Dalal Street investors’ attention should return to updates on the Russian-Ukrainian war and the coronavirus situation in China in the absence of national clues. Any fluctuations in crude oil prices and the flow of money from institutional investors will continue to be on investors’ radar.
A follow-on public offering (FPO) from Ruchi Soya will be closely watched.

The week that was

Last week, the flagship Sensex and Nifty50 indexes jumped around 4% each amid gains across most sectors, led by financials, autos and consumer stocks – a second consecutive week of gains. The Sensex added 2,313.6 points to end the truncated holiday week at 57,863.9 and the Nifty50 rose 656.6 points to 17,287.1 – both one-month closing highs.

Broader markets also strengthened. The Nifty Midcap 100 rose 2.7% and its small cap counterpart 1.2%.

Optimism around peace talks between Russia and Ukraine, crude oil’s decline from 14-year highs and central bank online action supported investor sentiment.

Nifty Financial Services and Nifty Auto were the biggest gainers among NSE’s sector indices, posting weekly gains of 6% each. Nifty Bank ended the week up 5.4%, its biggest weekly gain in two months.

The Nifty Metal was the only sector index to slip into the red, down 0.1%. No fewer than 45 stocks in the Nifty50 pack posted weekly gains.

Winners losers
Store Weekly change (%) Store Weekly change (%)
Titan 9.5 Hindalco -2.9
Cement Shree 8.5 CGSB -2.3
HDFC 7.9 Coal India -1.3
Asian Paintings 7.7 Tata Steel -0.4
M&Ms 7.5
SBI Life 7.5
SBI 7.1
Maruti-Suzuki 6.7
Bajaj Auto 6.7
Tata Consumer 6.6

Some 340 scrips on the Nifty 500 – the exchange’s broadest index – ended above the flatline.

The recent rebound has certainly eased some pressure in the market, although the sustainability of gains on major indices largely depends on global signals, said Ajit Mishra, vice president of research at Religare Broking. “Any news of an escalation in the Russian-Ukrainian war and a deteriorating COVID situation in China could again shake sentiment. We suggest maintaining a positive but cautious approach and focusing on day-to-day risk management. tomorrow,” he said.

Mishtra thinks the Nifty50 has the potential to test the 17,500-17,700 levels and sees a cushion at 16,800-17,000 on the downside.

Here are the main factors and events likely to influence Dalal Street in the week of March 21:

GLOBAL INDICES

Dated we Europe Asia
March 21st Fed Chairman’s speech Speech by the President of the ECB Hong Kong Inflation Data
March 22 Euro area construction output data
March 23 Fed Chairman’s Speech, Crude Inventory Data, Home Sales Data UK inflation data
March 24 Unemployment Insurance Claims, Manufacturing PMI and Services UK, France, Germany Manufacturing and Services PMI BoJ Monetary Policy Minutes, Japan Manufacturing and Services PMI
March 25 UK retail sales data, consumer confidence reading Inflation data in Japan

A slew of central bank officials are expected to speak during the week.

Initial Public Offering

Ruchi Soya’s FPO worth up to Rs 4,300 crore will hit the streets on Thursday, March 24. The issue will close on March 28.

Investors will be able to bid for shares in a price range of Rs 615-650 in multiples of 21.

IFI activity

Foreign Institutional Investors (FIIs) net bought Indian stocks worth Rs 1,685.9 crore last week, according to preliminary exchange data. Net purchases by domestic institutional investors (DII) amounted to Rs 1,291 crore.

Securities transaction

Company Date of departure Goal Registration Date
ADVIK Laboratories March 21st AGE
BP Capital March 21st AGE March 22
Gaelle March 21st Interim Dividend – Rs. – 5.0000 March 22
SPV Global Trading March 21st Right to issue equity shares March 22
Virinchi March 21st Bonus number 1:1 March 22
AGI Infra March 22 Interim Dividend – Rs. – 1.0000 March 23
BCL Industries March 22 Interim Dividend – Rs. – 2.0000 March 23
DCW March 22 AGE
Mishra Dhatu Nigam March 22 Interim Dividend – Rs. – 1.5600 March 23
Veeram Securities March 22 AGE
Mold-Tek Technology March 23 Interim Dividend – Rs. – 1.7000 March 24
Allcargo Logistics March 24 Interim Dividend – Rs. – 3.0000 March 25
Bharat Electronics March 24 Interim Dividend – Rs. – 1.5000 March 26
DJ Mediaprinting & Logistics March 24 Bonus number 1:1 March 25
John Nandan March 24 Bonus Number 2:1 March 25
RITES March 24 Interim Dividend – Rs. – 7.5000 March 25
RailVikas Nigam March 24 Interim Dividend – Rs. – 1.5800 March 25
Vardman Textiles March 24 Stock split from Rs.10/- to Rs.2/- March 26
Century Extrusions March 25 AGE
Data Infrastructure Trust March 25 Distribution of income (InvIT) March 28
Diligent industries March 25 AGE
Tijaria Polypipes March 25 AGE
TVS engine March 25 Interim dividend March 28


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