INSUBCONTINENT EXCLUSIVE:
Apart from corporate earnings, traders will also keep an eye on macroeconomic data.Key macro-economic data, trend in global markets,
investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), Indian rupee movement against US dollar, crude
oil prices movement and last leg of corporate earnings may set the trend of domestic equity indices (BSE Sensex and NSE's Nifty50) in the
According to market experts, on macro front, trade tensions will continue to remain in focus after the Chinese ministry of Commerce
promises to be full of action in a truncated trading session
Abbott India, Cadila Healthcare, Godrej Industries, Greaves Cotton, Tata Chemicals, Tata Steel, Allahabad Bank, GMR Infra, Grasim Industries
and Sun Pharma are expected to announce their Q1 earning results next week
This may dictate the trend of bourses in the week ahead.The domestic stock market will remain shut on Wednesday, August 15, 2018, on account
of Independence Day.According to Gaurav Jain, Director, Hem Securities, "The coming week promises to be action-packed as last leg of big
corporate earnings will begin to flow
We will continue to see stock-specific approach as some FO (futures options) scrips are scheduled to report their quarterly earnings."Apart
from corporate earnings, traders will also keep an eye on macroeconomic data
"Consumer price inflation, wholesale price inflation, and the trade data for the month of July will be announced in the coming week
Currency moves and crude oil prices will also be closely watched", said Rahul Sharma, Senior Research Analyst, Equity99.According to Viral
Berawala, CIO, Essel Mutual Fund, "With results season behind us market direction would also be driven by global factors
The financial volatility in emerging markets remains elevated
On Friday, the Turkish lira was down by more than 15 per cent after US imposed further sanctions."Meanwhile, on the currency front, the
However, both the key indices posted a weekly rise
The BSE Sensex recorded a rise of 313.07 points, or 0.83 per cent, while the NSE Nifty advanced 68.70 points, or 1.01 per cent
However, Nifty continues to venture in to uncharted territory as it inched closer to the 11,500-zone.In terms of investments, provisional
figures from the stock exchanges showed that foreign institutional investors (FIIs) bought scrips worth Rs 992.18 crore in the last week.
