Weekly market trend from February 20 - February 24, 2017: Stock Cash Tips

Feb 20: Indian stock indices rose by around 0.7% on Monday, erasing earlier losses to hit their highest closing levels since September 2016, as IT stocks rallied after Tata Consultancy Services (TCS) Stock Cash Tips announced share buyback at a substantial premium to the current market price. The S&P BSE Sensex and the CNX Nifty rose by 0.68% and 0.65%, respectively.

Feb 21: Indian shares closed at their highest level since September 2016, as Axis Bank surged on a media report that it would become the target of a takeover, although telecom firms declined after Reliance Jio Infocomm unveiled a sharply discounted tariff plan. The S&P BSE Sensex and the CNX Nifty rose by 0.35% and 0.32%, respectively.

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Feb 22: Indian shares hit their highest in more than five months on Wednesday as Reliance Industries ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services. The S&P BSE Sensex and CNX Nifty rose 0.36%-0.21% each.

Feb 23: Indian shares hit their highest in more than five months on Wednesday as Reliance Industries ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services. The S&P BSE Sensex and CNX Nifty rose 0.36%-0.21% each.

Feb 24: The Nifty ended higher on Thursday, having earlier hit a near two-year high, with IT stocks leading the gains on the day of derivatives expiry. he S&P BSE Sensex and CNX Nifty rose 0.10%-0.14% each.

Market Outlook for the coming week about Stock Cash

In the coming week, Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.

The government will announce data on Q3 December 2016 gross domestic product (GDP) on Tuesday, 28 February 2017. The GDP had risen 7.3% in Q2 September 2016.

Markit Economics, an independent, global provider of some of the world's most influential business surveys will unveil the result of a monthly survey on the performance of India's manufacturing sector for February 2017 on Wednesday, 1 March 2017.

Markit Economics will also unveil the result of a monthly survey on the performance of India's services sector on Friday, 3 March 2017.

State-run oil marketing companies (PSU OMCs) and auto stocks will be in focus as PSU oil marketing companies will undertake fuel price revision next week.

Auto stocks will be in focus as auto companies will start reporting sales volume data for February 2017, starting from Wednesday, 1 March 2017.

Aviation stocks will be in focus as PSU OMCs will revise jet fuel prices next week. PSU OMCs revise jet fuel prices on the last day of every month. Aviation turbine fuel or jet fuel constitutes more than 50% of operating cost for airliners. Prices of jet fuel are directly linked to crude oil prices.

On the global front, data on Caixin China General Manufacturing PMI, Nikkei Japan Manufacturing PMI, Markit Eurozone Manufacturing PMI and Markit US Manufacturing PMI for the month of February 2017, indicating health of manufacturing sector in respective regions in that month will be unveiled on Wednesday, 1 March 2017.

Data on Nikkei Japan Services PMI, Caixin China General Services PMI, Markit Eurozone Composite PMI and Markit US Services PMI for the month of February 2017, indicating health of services sector in respective regions in that month will be unveiled on Friday, 3 March 2017.

@Stock Cash Tips