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How March Month Events can Effect Stock Market in India?

Mar 2012 is going to be a tough month as market can swing either side as movement is dependent on number of domestic factors and let us keep our fingers crossed that nothing wrong goes during this month at global front which can tank our markets.

Date

Event to Watch

Implications

05 Mar 2012 UP Election Results This can be a deciding factor as a win for Congress can give a new lease of life to UPA meaning reforms can take place and thus stock market will take it positively.
12 Mar 2012 Index of Industrial Production (IIP) Numbers for Jan 2012 Market will take it positively if IIP nos show some ray of hope.
12 Mar 2012 MCX IPO listing Sucked in liquidity will return in market. IPO will open at a premium. So book profit on the day of listing as certain risk factor like imposition of commodity tax on commodities during budget can be negative for the stock.
14 Mar 2012 Wholesale Price Index (WPI) of Feb 2012 Market will take it positively if nos show some ray of hope.
15 Mar 2012 Monetary Policy If CRR cut is undertaken we may see bullish move. However we need to be cautious. You can check out RBI update here.
16 Mar 2012 Budget 2012 Income tax rates may be relaxed on negative side commodity tax may be imposed.
19 Mar 2012 Consumer Price Inflation (CPI) of Feb 2012 Market will take it positively if nos show some ray of hope.
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