Volatility may rise ahead of F&O expiry
Next batch of Q3 December 2015 corporate earnings, trend in global markets, investment pattern of 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 during the truncated trading week. The stock market remains closed for the Republic Day holiday on Tuesday, 26 January 2016. The two global events scheduled during the week include monetary policy meetings of the Federal Open Market Committee (FOMC) and the Bank of Japan. Closer home, some prominent companies are scheduled to announce their third quarter results next week.
Volatility may increase as traders roll over positions in the futures & options (F&O) segment from the near month January 2016 series to February 2016 series. The near month January 2016 derivatives contracts are set to expire on Thursday, 28 January 2016.
A number of prominent companies are scheduled to announce their third quarter results next week. On Monday, 25 January 2016, HDFC Bank is scheduled to announce its third quarter results. Housing finance major HDFC and Power Grid Corporation of India are scheduled to announce their third quarter results on Wednesday, 27 January 2016. Maruti Suzuki India, ICICI Bank, Bharti Airtel and Vedanta are scheduled to announce third quarter results on Thursday, 28 January 2016. NTPC, Yes Bank and L&T are scheduled to announce third quarter results on Friday, 29 January 2016. Grasim Industries is set to announce its third quarter results on Saturday, 30 January 2016.
The initial public offer (IPO) of Precision Camshafts opens for bidding through the book building route on Wednesday, 27 January 2016. The price band for the IPO has been fixed at Rs 180-186 per share. The bidding for the IPO concludes on Friday, 29 January 2016. Precision Camshafts is one of the world's leading manufacturers of camshafts, a critical engine component in passenger vehicles. The IPO is a combination of fresh issue of shares and offer for sale by promoters, a promoter group company and one of the directors. The proceeds of the fresh issue will be used for expansion. The company proposes to utilize Rs 200 crore from the net proceeds of the IPO for establishment of a new machine shop for ductile iron camshafts at its existing export oriented unit (EOU) situated at Solapur in Maharashtra.
On the global front, the FOMC is widely expected to keep US interest rates unchanged after the conclusion of a two-day monetary policy meeting on 26-27 January 2016. A two day policy meeting of the Bank of Japan is scheduled on 28-29 January 2016. European Central Bank (ECB) President Mario Draghi's recent remarks have sparked speculation among investors that the Bank of Japan could boost its bond buying programme as inflation remains benign amid crashing oil prices. At a news conference after the conclusion of ECB's regular policy review, Draghi on 21 January 2016 signalled that the ECB governing council may provide more stimulus at its next meeting in March, noting that the outlook for inflation had weakened significantly.
Volatility may increase as traders roll over positions in the futures & options (F&O) segment from the near month January 2016 series to February 2016 series. The near month January 2016 derivatives contracts are set to expire on Thursday, 28 January 2016.
A number of prominent companies are scheduled to announce their third quarter results next week. On Monday, 25 January 2016, HDFC Bank is scheduled to announce its third quarter results. Housing finance major HDFC and Power Grid Corporation of India are scheduled to announce their third quarter results on Wednesday, 27 January 2016. Maruti Suzuki India, ICICI Bank, Bharti Airtel and Vedanta are scheduled to announce third quarter results on Thursday, 28 January 2016. NTPC, Yes Bank and L&T are scheduled to announce third quarter results on Friday, 29 January 2016. Grasim Industries is set to announce its third quarter results on Saturday, 30 January 2016.
The initial public offer (IPO) of Precision Camshafts opens for bidding through the book building route on Wednesday, 27 January 2016. The price band for the IPO has been fixed at Rs 180-186 per share. The bidding for the IPO concludes on Friday, 29 January 2016. Precision Camshafts is one of the world's leading manufacturers of camshafts, a critical engine component in passenger vehicles. The IPO is a combination of fresh issue of shares and offer for sale by promoters, a promoter group company and one of the directors. The proceeds of the fresh issue will be used for expansion. The company proposes to utilize Rs 200 crore from the net proceeds of the IPO for establishment of a new machine shop for ductile iron camshafts at its existing export oriented unit (EOU) situated at Solapur in Maharashtra.
On the global front, the FOMC is widely expected to keep US interest rates unchanged after the conclusion of a two-day monetary policy meeting on 26-27 January 2016. A two day policy meeting of the Bank of Japan is scheduled on 28-29 January 2016. European Central Bank (ECB) President Mario Draghi's recent remarks have sparked speculation among investors that the Bank of Japan could boost its bond buying programme as inflation remains benign amid crashing oil prices. At a news conference after the conclusion of ECB's regular policy review, Draghi on 21 January 2016 signalled that the ECB governing council may provide more stimulus at its next meeting in March, noting that the outlook for inflation had weakened significantly.
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