1. Q3FY21 results
Karnataka Bank, Tata Elxsi, Steel Strips Wheels, Filatex India, Hathway Bhawani Cabletel, HPL Electric & Power, ATV Projects India, Continental Securities, Mideast Integrated Steels, Trade Wings, Vikas Multicorp will announce their quarterly earnings on January 12.
2. FII buying
Foreign institutional investors (FIIs) net bought more than Rs9,200cr worth of shares in January so far, in addition to around Rs53,500cr of inflow in December. (FIIs) net bought shares worth Rs 3,138.9cr, whereas domestic institutional investors (DIIs) net sold shares worth Rs2,610.13cr in the Indian equity market on January 11, as per provisional data available on the NSE.
3. COVID Developments
Globally, there has been no respite in the number of cases of Coronavirus amid the vaccination drive that has gathered speed, especially in developed companies. A new, more infectious strain of the coronavirus has now spread to at least eight US states, official data showed Friday, as the country logged a record new daily virus caseload. The White House task force for coronavirus has warned of a USA variant of COVID-19 that could be fueling the already aggressive spread of the virus. This variant, the task force pointed out, is separate from the UK coronavirus variant that is touted to be 70%more transmissible. Almost 216,290 new coronavirus infections were reported in the US within 24 hours Sunday according to Johns Hopkins University.
4. Vaccination drive
In India, all the states have started preparing strategy for the inoculation drive ahead of India's coronavirus vaccination drive that will begin January 16. Delhi became the first state to announce its schedule for Covid-19 vaccination for health care workers, who will be inoculated in the phase 1 of the vaccination drive. India's COVID-19 tally has risen to 1,04,50,284 with 18,645 new cases in a day - marginally higher than yesterday - while 1,00,75,950 people have recuperated so far, according to Union Health Ministry data this morning.
Priority will be given to around one crore healthcare workers and two crore frontline staff, like doctors, community health workers and police, who are directly involved in fighting the pandemic. The vaccine will be free of cost for this group, Health Minister Dr Harsh Vardhan said last week. The next group will be people over 50, followed by those under 50 but with co-morbidities. Around 30 crore people will be vaccinated in the first phase.
5. US Presidential impeachment process
US House of Representatives of Representatives Speaker Nancy Pelosi has said that the House will move ahead in the process of impeaching the President for encouraging a mob that stormed the Capitol if he did not resign "immediately". If he were convicted, the Senate could vote to bar him from ever holding office again. Following a conviction, the Constitution says the Senate can consider “disqualification to hold and enjoy any office of honor, trust or profit under the United States.”
Just last year, the House impeached Trump in December 2019 on charges of abuse of power and obstruction of Congress related to his attempts to pressure Ukraine to smear his political rival at the time, Joe Biden. The Senate voted to acquit him of both charges.
6. Macroeconomic data
The Industrial Production (IIP) and Manufacturing Production data for the month of November, along with CPI inflation for December will be released in the evening on January 12, while WPI inflation for December is due on January 14.
7. US stocks
Wall Street’s main indexes slipped from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally. The consequences of the Capitol riots could extend to the early removal of Trump from the presidency, with Congress exploring both articles of impeachment and urging Vice President Mike Pence to invoke the 25th amendment to remove Trump this week.
The Dow Jones Industrial Average dropped by 62.49 points, or 0.2%, at 31,035.28, while the S&P 500 index fell 14.96 points to 3,809.72, a drop of 0.4%and the Nasdaq Composite Index slipped 95.78 points, or 0.7%, to 13,106.20.