Next batch of Q3 results to dictate trend
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.
Among quarterly results of prominent companies scheduled for release next week, Asian Paints, Kotak Mahindra Bank and Wipro are set to announce their Q3 December 2015 earnings on Monday, 18 January 2016. Reliance Industries and Axis Bank will announce their Q3 December 2015 results on Tuesday, 19 January 2016. On the same day, HCL Technologies is set to announce its Q2 December 2015 results. UltraTech Cement is scheduled to announce its Q3 December 2015 results on Wednesday, 20 January 2016. Idea Cellular is set to announce Q3 December 2015 results on Thursday, 21 January 2016. Cairn India and ITC will announce their Q3 December 2015 results on Friday, 22 January 2016.
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 the global front, China is set to announce its Q4 December 2015 and full-year 2015 GDP data on Tuesday, 19 January 2016. On the same day, China's industrial production data for the month of December 2015 is due. European Central Bank's (ECB) monetary policy statement is slated on Thursday, 21 January 2016. Eurozone Markit PMI Composite data for December 2015 is scheduled on Friday, 22 January 2016. On the same day, US existing home sales data for the month of December 2015 is due.
Among quarterly results of prominent companies scheduled for release next week, Asian Paints, Kotak Mahindra Bank and Wipro are set to announce their Q3 December 2015 earnings on Monday, 18 January 2016. Reliance Industries and Axis Bank will announce their Q3 December 2015 results on Tuesday, 19 January 2016. On the same day, HCL Technologies is set to announce its Q2 December 2015 results. UltraTech Cement is scheduled to announce its Q3 December 2015 results on Wednesday, 20 January 2016. Idea Cellular is set to announce Q3 December 2015 results on Thursday, 21 January 2016. Cairn India and ITC will announce their Q3 December 2015 results on Friday, 22 January 2016.
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 the global front, China is set to announce its Q4 December 2015 and full-year 2015 GDP data on Tuesday, 19 January 2016. On the same day, China's industrial production data for the month of December 2015 is due. European Central Bank's (ECB) monetary policy statement is slated on Thursday, 21 January 2016. Eurozone Markit PMI Composite data for December 2015 is scheduled on Friday, 22 January 2016. On the same day, US existing home sales data for the month of December 2015 is due.
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