Macro elements to affect market graph this week

Markets in the last week remained almost in the positive territory, though there were lot of events that increased volatility. This week, following macro-economic factors are in focus, that may move the market in either direction:
 
Indradhanush 2.0
 
The government is set to resolve the issue of non-performing asset (NPA) on the balance sheets of public sector banks. A speedier recapitalisation of public sector banks seem to be the top priority of the government. To make the public-sector banks fully compliant with the global capital adequacy norms and solvent, the government has come up with ‘Indradhanush 2.0’, a comprehensive plan for recapitalisation of public sector banks.
 

Demonetisation has hampered demands in the market, followed by contraction in the industrial production in December 2016. Index of Industrial Production (IIP) was down by 0.4 per cent in December 2016 as compared to the IIP in December 2015.
 
NHAI to monetise 10 highway projects
 
National Highways Authority of India (NHAI) is set to plan for monetisation of 10 out of 75 public-funded highway projects in the country in the first phase.
 
Review FTAs to pamper pharma companies
 
To protect the domestic Pharma sector companies, the government is planning to review and renegotiate the Free Trade Agreement (FTA) terms with different countries.