What changed your markets while you were sleeping

Last week's trading failed to instill confidence among investors. Will Friday's strong surge in US stocks push the domestic market higher in an otherwise a data-heavy day? Let’s check out what all might influence Dalal Street all through the dayAt 7.45 am, Nifty futures on the Singapore Stock Exchange were trading 114 points, or 1.12%, higher at 10,328, indicating a positive start for the Nifty50 on Dalal Street.Traders should opt for ‘sell on rise’ strategy, as the index has so far failed to instill confidence of a sustained buying momentum, say analysts. “Traders did not have conviction to stay long, as they chose to exit with small gains last week. We would continue with our ‘sell on rise’ approach. The 10,140-10350 range has become a no trade zone for the market. If any negativity has to resume, it would only happen after the voilation of 10,140,” Sameet Chavan of Angel Broking said.Nirmal Bang Institutional Equities expects the factory output data to come in at 6.7% for January. The brokerage expects February CPI inflation to arrive at 4.9% against 5.1% in the previous month. The likely softening of inflation is largely on account of a sustained decline in vegetable prices, it said. “However, core CPI inflation (excluding food and fuel, but including petrol and diesel) is also likely to inch up to 5.26% from 5.14% in January 2018,” it added.US President Donald Trump threatened to impose a “reciprocal tax” on countries like China and India if they do not match America’s tariffs, reiterating a warning he had made before while referencing India’s import duties on Harley-Davidson motorcycles.“We’re going to be doing a reciprocal tax programme, at some point so that if China is going to charge us 25% or if India is going to charge us 75% and we charge them nothing,” he said.The 26th GST Council meeting on Saturday failed to come up with any conclusive simplification process after deliberating on two models and has now postponed the decision for next Council meeting, but E-way bill will be implemented from April 1.US job growth surged in February, recording its biggest increase in more than 1-1/2 years, but a slowdown in wage gains pointed to only a gradual increase in inflation this year, Reuters reported. Nonfarm payrolls jumped by 313,000 jobs last month, boosted by the largest gain in construction jobs since 2007, the Labor Department said on Friday.The Dow Jones Industrial Average index climbed 440.52 points, or 1.77%, to close at 25,335.74. The Sand P500 index advanced 47.60 points, or 1.74%, to 2,786.57. The Nasdaq Composite index soared 132.86 points, or 1.79%, to 7,560.81.The Indian rupee could well turn volatile in the medium term as tariff walls proposed by Washington threaten to temporarily upend the flow of global trade amid a pronounced hardening in US bond yields. US president Donald Trump has imposed a levy of 25% on steel and 10% on aluminium imported from all countries except Canada and Mexico.The Securities and Exchange Board of India (Sebi) is set to buy IDBI Bank's building in Bandra-Kurla Complex (BKC), Mumbai’s financial hub, for close to ?1,0000000000. Sebi requires space to accommodate all its staff. At present, the regulator has moved its market intermediaries regulation and supervision department to the Nariman Point office in South Mumbai, while its enquiry and adjudication officers are housed in a different building at BKC.Bharti Airtel has unveiled plans to raise up to Rs 3,0000000000 through a private placement of unsecured, redeemable, non-convertible debentures (NCDs) for treasury operations, including refinancing of debt and spectrum liabilities. Meanwhile, CLSA's chief strategist Christopher Wood has removed Bharti Airtel from the firm’s Asia ex-Japan long only portfolio and replaced it by an investment in China Overseas Land.