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Russian-Ukrainian war, Indian GDP data and auto sales will be on investors’ radar


After geopolitical tensions sent shockwaves through global markets, news on the Russian-Ukrainian war will remain front and center this week. India’s official GDP data for the October-December period as well as automakers’ monthly sales reports and pandemic updates will also be on investors’ radar.

Market participants will monitor any fluctuations crude oil prices and FII flow trends.

The week that was

Last week, the Sensex lost 1,974.5 points or 3.4% and the Nifty50 fell 617.9 points or 3.6%, led by financials, oil & gas and IT stocks.

Broader markets also fell, with the Nifty Midcap 100 index taking a 3.4% hit. The small-cap index fell 5.3%, after entering and then escaping bearish territory during the week.

Russia’s invasion of Ukraine has caused panic among investors around the world. Crude oil breaching $100 a barrel in anticipation of reduced supply also dampened market sentiment, although new US sanctions that did not target Russian oil exports offered a sigh of relief to investors. investors.

The road ahead

“Investors will remain cautious as they follow developments on the Russian-Ukrainian front. In such a volatile market, a prudent approach is to have a balanced portfolio with a mix of equities, debt, gold and cash,” he said. said Vinod Nair, Head of Research at Geojit Financial Services.

Technical outlook

“Although we have seen a strong recovery from the lows, we may not be out of the woods yet as the previous 16,800-16,850 support area will now be seen as a barrier to a pullback. index gave a breakdown from a descending triangle last,” said Ruchit Jain, Head of Research at 5paisa.com.

“In a nutshell, bulls need to recover 16,850 and hold above to negate the corrective trend and until then avoid aggressive market positions,” he said.

On the other hand, he sees 16,480 and then 16,200 as immediate short-term supports for the Nifty.

Here are the main factors and events likely to influence Dalal Street in the week starting February 28:

India’s GDP figures for the third quarter of the current fiscal year are due at 5:30 p.m. on Monday, February 28.

PMI readings on manufacturing and services in the country are due on Wednesday and Friday respectively.

The flow of foreign funds will remain a central concern. Last week, foreign institutional investors withdrew a net Rs 19,843.5 crore from Indian stocks, according to preliminary exchange data. However, domestic institutional investors (DII) made net purchases of Rs 21,511.8 crore of Indian shares.

February should be a fifth consecutive month of FII releases.

Company Date of departure Goal Registration Date
Easy trip planners February 28 Bonus number 1:1 March 2
Glittek Granites February 28 AGE
Data Infrastructure Trust March 2 Distribution of income (InvIT) 3rd of March
Facor alloys March 2 AGE
Prismx Global Ventures March 2 Question of rights 3rd of March
Taneja Aerospace and Aviation March 2 Interim dividend Re 0.5 3rd of March
Arshiya 3rd of March Spin off March 4
International container ship 3rd of March Fractional stock from Rs 10 to Rs 5 March 5
PG Movies 3rd of March AGE
Dated we Europe Asia
February 28 Japan industrial production data
March 1 US manufacturing PMI, US President Joe Biden’s State of the Union address Inflation data for Germany Chinese manufacturing PMI
March 2 U.S. crude oil inventory data, testimony from Fed Chairman Jerome Powell, official Fed speech Data on unemployment in Germany
3rd of March Fed Beige Book, US Services and Manufacturing PMI, Testimony from Fed Chairman Manufacturing and Services PMI in UK, Germany and France China Services PMI
March 4 Official Fed speech, US unemployment data


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