Ahead of Market: 10 things that will decide D-Street action on Friday

economictimes.indiatimes.com:

Here's how analysts read the market pulse: “Unlocking of value by heavy weights (like RIL & ITC) is apprising the main indices. The anticipation of a good Q1 results from banks is providing an extra boost to drive to new highs. Mixed cues from global peers is not disturbing the mood of the domestic market as FIIs’ inflows stay put to the prospects of the Indian economy,” said Vinod Nair, Head of Research at Geojit Financial Services.

“In the short term, the index is expected to stay positive. However, if it fails to surpass the 20,000 level, investors might engage in profit-taking. There is a support level at 19,800, which could attract buying interest during potential pullbacks,” said Rupak De, Senior Technical analyst at LKP Securities.

That said, here’s a look at what some key indicators are suggesting for Friday’s action:US market The S&P 500 and Nasdaq fell on Thursday, as Tesla CEO's hints about more price cuts deepened investor concerns, while Netflix slid on quarterly revenue miss. Tesla CEO Elon Musk on Wednesday signalled that he would cut prices again on electric vehicles to boost demand in «turbulent times», even as his all-out price war squeezes the company's margins. Shares of the electric car maker slid 4.6% after Musk's comments, even as Tesla beat quarterly profit estimates.

Five of the top 11 S&P 500 sectors declined, led by losses in consumer discretionary stocks, down 1.3%. At 9:43 a.m. ET, the Dow Jones Industrial Average was up 159.63 points, or 0.46%, at 35,220.84, the S&P 500 was down 3.38 points, or 0.07%, at 4,562.34, and the Nasdaq Composite was down 55.32 points, or 0.39%, at 14,302.70.European shares European shares edged lower at open on Thursday, as investors assessed mixed earnings from