Quarterly earnings of India Inc, global cues to dictate trend
Macroeconomic data, 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. Trading on the domestic bourses will resume on Monday, 18 April 2016, after an extended weekend. The stock market will remain shut on 14 April 2016 on account of Dr. Baba Saheb Ambedkar Jayanti and again on 15 April 2016 on account of Ram Navami.
The stock market remains shut on Tuesday, 19 April 2016 on account of Mahavir Jayanti.
The next major trigger for the Indian markets is Q4 results of India Inc. Shares of IT major Infosys will be in spotlight on Monday, 18 April 2016 as the company will announce its Q4 March 2016 result on Friday, 15 April 2016, when the stock market is closed for a holiday. Another IT major TCS is scheduled to announce its Q4 March 2016 results on Monday, 18 April 2016.
Among other prominent companies, Wipro is scheduled to announce its Q4 March 2016 results on Wednesday, 20 April 2016. IndusInd Bank will announce its March quarter earnings on Thursday, 21 April 2016. HDFC Bank is scheduled to announce its Q4 March 2016 results on Friday, 22 April 2016.
Among macro economic data, the inflation based on wholesale price index (WPI) for the month of March 2016 is scheduled to be released by the government on Monday, 18 April 2016. WPI inflation stood at negative 0.91% in February 2016 as compared to a reading of negative 0.9% (provisional) in January 2016.
Among global data, the European Central Bank's (ECB) monetary policy statement is scheduled to release on Thursday, 21 April 2016. On the same day, US initial jobless claims for the week ending Friday, 15 April 2016 is due.
The stock market remains shut on Tuesday, 19 April 2016 on account of Mahavir Jayanti.
The next major trigger for the Indian markets is Q4 results of India Inc. Shares of IT major Infosys will be in spotlight on Monday, 18 April 2016 as the company will announce its Q4 March 2016 result on Friday, 15 April 2016, when the stock market is closed for a holiday. Another IT major TCS is scheduled to announce its Q4 March 2016 results on Monday, 18 April 2016.
Among other prominent companies, Wipro is scheduled to announce its Q4 March 2016 results on Wednesday, 20 April 2016. IndusInd Bank will announce its March quarter earnings on Thursday, 21 April 2016. HDFC Bank is scheduled to announce its Q4 March 2016 results on Friday, 22 April 2016.
Among macro economic data, the inflation based on wholesale price index (WPI) for the month of March 2016 is scheduled to be released by the government on Monday, 18 April 2016. WPI inflation stood at negative 0.91% in February 2016 as compared to a reading of negative 0.9% (provisional) in January 2016.
Among global data, the European Central Bank's (ECB) monetary policy statement is scheduled to release on Thursday, 21 April 2016. On the same day, US initial jobless claims for the week ending Friday, 15 April 2016 is due.
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