Markets week ahead: FIIs, IIP in focus next week

The coming week to Apr 16 will be another week of holiday truncated sessions. On Tuesday, the domestic bourse will remain shut on account of B R Ambedkar birth anniversary.
Fewer sessions will hold investors on edge as they as the full economic ramifications of the demand destruction caused by the pandemic and which it is likely to cause is yet to come to full play.

As the economic impact of the pandemic would continue to weigh on investor sentiments, the decision on lockdown as well as the Russia-Saudi Arabia agreement on oil production will be keenly watched.
Overseas investor participation, earnings release, India economic activity data (manufacturing, IIP) will provide traction to trading activity.

After depository institutions CDSL and NSDL, revised foreign portfolio investment limit for all public listed companies to the sectoral limit, it paved the way for billions of dollar coming into India.
Indian bourses can expect passive inflows of over $1.4 billion (about Rs 10,000 crore) and active inflows of $5.7 billion (about Rs 43,000 crore).
Domestic barometers have mirrored global indices this week, with Sensex climbing 2,894 points, and Nifty adding 858 points, up by around 11%.

Part of the jump witnessed across the share markets on Thursday was in hopes of another stimulus package being worked out by the government, this has given many hopes that the new package will be aimed towards the sectors that are hit the most due to the lockdown.

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