Last batch of Q3 results, Q3 GDP 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.
On macro front, the government will announce data on gross domestic product (GDP) for Q3 December 2015 on Monday, 8 February 2016. GDP rose 7.4% in Q2 September 2015. Data on industrial production for December 2015 will be announced by the government after market hours on Friday, 12 February 2016. Industrial Production declined 3.2% in November 2015 over a year ago period.
The government will also announce after market hours on Friday, 12 February 2016, data on inflation based on the consumer price index (CPI) for January 2016. CPI inflation inched up to 5.61% in December 2015 from 5.41% in November 2015.
The results season of India Inc. is drawing to a close by next week. Among quarterly results of prominent companies scheduled for release next week, Dr Reddy's Laboratories, Hindalco Industries, Punjab National Bank, and GAIL (India) will announce Q3 results on Tuesday, 9 February 2016. ACC and Ambuja Cements will announce their Q4 results on Wednesday, 10 February 2016. Cipla also announces Q3 results on Wednesday, 10 February 2015. Coal India, State Bank of India, ONGC, Hero MotoCorp, Tata Motors, and Bharat Heavy Electricals will announce their Q3 results on Thursday, 11 February 2016. NMDC, Sun Pharmaceutical Industries, Mahindra & Mahindra (M&M) and BPCL will announce Q3 results on Friday, 12 February 2016. Adani Ports and Special Economic Zone will announce Q3 results on Saturday, 13 February 2016.
On global front, Chinese stock markets remain closed next week for the Lunar New Year holiday. In the US, Federal Reserve Chairwoman Janet Yellen presents semi-annual monetary report to House Financial Services Committee, in Washington on Wednesday, 10 February 2016 and to Senate Banking Committee on Thursday, 11 February 2016.
On macro front, the government will announce data on gross domestic product (GDP) for Q3 December 2015 on Monday, 8 February 2016. GDP rose 7.4% in Q2 September 2015. Data on industrial production for December 2015 will be announced by the government after market hours on Friday, 12 February 2016. Industrial Production declined 3.2% in November 2015 over a year ago period.
The government will also announce after market hours on Friday, 12 February 2016, data on inflation based on the consumer price index (CPI) for January 2016. CPI inflation inched up to 5.61% in December 2015 from 5.41% in November 2015.
The results season of India Inc. is drawing to a close by next week. Among quarterly results of prominent companies scheduled for release next week, Dr Reddy's Laboratories, Hindalco Industries, Punjab National Bank, and GAIL (India) will announce Q3 results on Tuesday, 9 February 2016. ACC and Ambuja Cements will announce their Q4 results on Wednesday, 10 February 2016. Cipla also announces Q3 results on Wednesday, 10 February 2015. Coal India, State Bank of India, ONGC, Hero MotoCorp, Tata Motors, and Bharat Heavy Electricals will announce their Q3 results on Thursday, 11 February 2016. NMDC, Sun Pharmaceutical Industries, Mahindra & Mahindra (M&M) and BPCL will announce Q3 results on Friday, 12 February 2016. Adani Ports and Special Economic Zone will announce Q3 results on Saturday, 13 February 2016.
On global front, Chinese stock markets remain closed next week for the Lunar New Year holiday. In the US, Federal Reserve Chairwoman Janet Yellen presents semi-annual monetary report to House Financial Services Committee, in Washington on Wednesday, 10 February 2016 and to Senate Banking Committee on Thursday, 11 February 2016.
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