You are here: Home » Markets » News
Business Standard

Market Ahead, December 23: Top factors that could guide markets this week

From today, Tata Motors, Tata Motors DVR, Yes Bank, and Vedanta will be dropped from the BSE's benchmark Sensex. They will be replaced by UltraTech Cement, Titan, and Nestle India

Topics
Market Ahead | Markets

BS Web Team  |  New Delhi 

The rejig in Sensex constituents, December series F&O expiry, stock-specific developments, and global cues are some factors that will guide the equity in this holiday-shortened week. The will remain closed on Wednesday for Christmas.

From today, Tata Motors, Tata Motors DVR, Yes Bank, and Vedanta will be dropped from the BSE’s benchmark Sensex. They will be replaced by UltraTech Cement, Titan, and Nestle India. The stocks in question may see some price movements due to the reshuffle.

Likewise, other BSE and NSE indices will also see some churning in its constituents from December 26.

Additionally, traders can expect some short-term volatility as the December series F&O contracts will expire on Thursday and traders will roll over their positions to next month.

Participants will also track RBI's special Open Market Operation today. The RBI will simultaneously purchase and sell government securities worth Rs 10,000 crore under the special operation. Such exercises are done by the central bank when the proceeds from sale of short-term securities are used to buy long-term government securities or bonds in a bid to bring down interest rates on long-term securities. The announcement of the move prompted a rally in bank stocks last week. Traders will thus keep a keen eye on today's operation.

The domestic market would also track factors such as crude oil prices, rupee-dollar movement and investment trend by foreign investors.

Globally, a lack of clarity on the US-China trade deal has kept edgy and investors will seek more details on the deal before committing fresh funds. In UK, Prime Minister Boris Johnson has won the parliament's vote for his Brexit deal that sets the deadline of January 31 for Britain's departure from the European Union.

Asian shares started the week mixed. Equities were little changed in Tokyo and Seoul and fell in Sydney and Shanghai. They were little changed in Hong Kong.

In commodities, oil prices were mostly steady on Monday and Brent crude was down 4 cents at $66.10 a barrel.

Back home, the domestic market clocked a record-high closing on December 20. During the last week, the Sensex rose 672 points and the Nifty gained 185 points.

Going ahead, analysts say that traders should try to buy at any dip from higher levels keeping a close eye on 12,300.

In the end, here's a trading idea for you by CapitalVia which recommends buying Britannia Industries above Rs 3,157 with the target of Rs 3,280 and stop loss at Rs 3,060.

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 23 2019. 06:52 IST
RECOMMENDED FOR YOU
.