Market Ahead, January 2: All you need to know before the Opening Bell
Podcast
News:
Investors will look at macro data, auto sales numbers, and global
factors for cues today. The overall trading volume in the markets is
set to pick up as most global markets reopen from holiday closures
Stocks
of automobile companies will react to sales data for the month of
December. Yesterday, Tata Motors reported a 12 per cent decline in
total vehicle sales in domestic market to 44,254 units in December.
The company had sold 50,440 units in the same month in 2018. The
stock will react to the sales numbers today.
Besides
this, shares of channels and operators will also react to the new
Trai order according to which cable operators will have to provide
200 channels for Rs 153. Trai has also reviewed the pricing of
channel bouquets compared to a la carte ones.
Market
participants will also await the release of Markit Manufacturing PMI
for December which will be released later in the day. They will
further track the oil and Rupee's trajectory, stock-specific action,
and foreign fund flow for market direction.
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