Key events that would drive markets
1. US fed yellen signaled that it is all set to raise the interest rate this month, if labor and economic data holds up. India rupee may be volatile in Mondays trading session.
However, this is already factored in in to markets and FIIs being net buyers on Friday, further reduces risk of downside on markets
2. GST likely and in to final stage:
26 changes sought by various states have been accepted by centre and is likely to get parliament approval in mid march for implementation by July. This will come as huge relief for markets, logistics and ply stocks should continue to rally
3. UP election results on March 11:
There is huge Modi wave in UP specially seen in today’s Varanasi rally along with prediction of likely bjp win by key analysts and experts, should have positive influence on the markets
4. IIP data: Expected to be announced after market hours on March 10. The data is expected to come on the upside with the recovery in industrial and manufacturing activity. This will come up as huge sentiment booster to markets
5. China has cut its GDP forecast, and projected its growth at 6.5% in 2017, lesser than that of India’s estimated gdp target
Stocks/sectors to watch
India cement, Tata steel, SAIL, and Bharat forge
