Q3 results, macroeconomic data to dictate near term trend
Macroeconomic data, Q3 results of India Inc., trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term.
Asian markets will on Monday, 11 January 2016, react to the influential monthly US nonfarm payrolls report for December 2015 which will be released on Friday, 8 January 2016.
The results season of India Inc. kickstarts from the next week. Among quarterly results of prominent companies scheduled for release next week, IndusInd Bank and TCS will announce their Q3 results on Tuesday, 12 January 2016. Infosys will announce Q3 results on Thursday, 14 January 2016. Hindustan Unilever, Zee Entertainment Enterprises are set to announce Q3 results on Friday, 15 January 2016. Kotak Mahindra Bank unveils Q3 results on Saturday, 16 January 2016.
On macro front, data on industrial production for November 2015 will be announced by the government after market hours on Tuesday, 12 January 2016. Growth in industrial production surged to 60-month high of 9.8% in October 2015 over a year ago compared with the revised growth of 3.8% in September 2015.
The data on inflation based on the consumer price index (CPI) for December 2015, is due to be announced by the government after market hours on Tuesday, 12 January 2016. CPI spiked to 5.41% in November 2015 from 5% in October 2015.
The government will unveil the data on wholesale price index (WPI) for December 2015 on Thursday, 14 January 2016. The data is scheduled to be announced around 12 noon on that day. WPI stood at negative 1.99% in November 2015 compared to a reading of negative 3.81% for October 2015.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
On global front, the monetary policy committee of Bank of England will announce its decision on interest rates on Thursday, 14 January 2016. Minutes of the MPC meetings will be published simultaneously along with the interest rate decision.
Asian markets will on Monday, 11 January 2016, react to the influential monthly US nonfarm payrolls report for December 2015 which will be released on Friday, 8 January 2016.
The results season of India Inc. kickstarts from the next week. Among quarterly results of prominent companies scheduled for release next week, IndusInd Bank and TCS will announce their Q3 results on Tuesday, 12 January 2016. Infosys will announce Q3 results on Thursday, 14 January 2016. Hindustan Unilever, Zee Entertainment Enterprises are set to announce Q3 results on Friday, 15 January 2016. Kotak Mahindra Bank unveils Q3 results on Saturday, 16 January 2016.
On macro front, data on industrial production for November 2015 will be announced by the government after market hours on Tuesday, 12 January 2016. Growth in industrial production surged to 60-month high of 9.8% in October 2015 over a year ago compared with the revised growth of 3.8% in September 2015.
The data on inflation based on the consumer price index (CPI) for December 2015, is due to be announced by the government after market hours on Tuesday, 12 January 2016. CPI spiked to 5.41% in November 2015 from 5% in October 2015.
The government will unveil the data on wholesale price index (WPI) for December 2015 on Thursday, 14 January 2016. The data is scheduled to be announced around 12 noon on that day. WPI stood at negative 1.99% in November 2015 compared to a reading of negative 3.81% for October 2015.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
On global front, the monetary policy committee of Bank of England will announce its decision on interest rates on Thursday, 14 January 2016. Minutes of the MPC meetings will be published simultaneously along with the interest rate decision.
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