Quarterly earnings of India Inc, global cues to dictate trend
Macroeconomic data, next batch of Q4 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 market trend in the near term. Stock markets in Hong Kong and China are closed on Monday, 2 May 2016, for a public holiday.
Investors will closely track the next batch of Q4 results of India Inc. HDFC announces its Q4 March 2016 result on Monday, 2 May 2016. Adani Ports and Special Economic Zone will announce its Q4 March 2016 result on Tuesday, 3 May 2016. Eicher Motors and Hero MotoCorp will declare their Q4 March 2016 results on Thursday, 5 May 2016.
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for April 2016 from Sunday, 1 May 2016.
Stocks of public sector oil marketing companies (PSU OMCs) will be in focus as a fuel price review is due on Saturday, 30 April 2016. PSU OMCs undertake fuel price review twice during the month based on the trend in international oil market. The first price review takes place during the middle of the month and the second on the last day of the month.
Airline stocks will be in focus as a monthly review of jet fuel prices is due on Saturday, 30 April 2016. PSU OMCs review jet fuel prices on the last day every month based on the average imported crude oil price for the month. Jet fuel prices are directly linked to crude oil price.
In the primary market, the initial public offer (IPO) of dairy firm Parag Milk Foods opens for bidding on Wednesday, 4 May 2016. The issue closes on Friday, 6 May 2016. The price band of the IPO is Rs 220 to Rs 227 per share.
On political front, developments in budget session of Parliament will be closely watched. The second part of the budget session of Parliament commenced on 25 April 2016, after a month long recess and will conclude on 13 May 2016, during which government hopes to receive support of opposition parties in passage of key legislations including the Goods & Services Tax (GST) Bill.
Among domestic macro economic data, Markit Economics will announce the India Manufacturing PMI for April 2016 on Monday, 2 May 2016. The Nikkei India Services PMI will be declared on Wednesday, 4 May 2016.
On the global front, China's official April manufacturing purchasing managers' index will be announced on Sunday, 1 May 2016. April's non-manufacturing PMI will also be released on the same day. On Monday, 2 May 2016, Markit Economics will announce the Nikkei Japan Manufacturing PMI, Markit Eurozone Manufacturing PMI and the Markit US Manufacturing PMI. Markit Economics will announce Caixin China General Manufacturing PMI on Tuesday, 3 May 2016. The influential monthly US nonfarm payroll data for April 2016 will be released by the Labor Department on Friday, 6 May 2016.
Investors will closely track the next batch of Q4 results of India Inc. HDFC announces its Q4 March 2016 result on Monday, 2 May 2016. Adani Ports and Special Economic Zone will announce its Q4 March 2016 result on Tuesday, 3 May 2016. Eicher Motors and Hero MotoCorp will declare their Q4 March 2016 results on Thursday, 5 May 2016.
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for April 2016 from Sunday, 1 May 2016.
Stocks of public sector oil marketing companies (PSU OMCs) will be in focus as a fuel price review is due on Saturday, 30 April 2016. PSU OMCs undertake fuel price review twice during the month based on the trend in international oil market. The first price review takes place during the middle of the month and the second on the last day of the month.
Airline stocks will be in focus as a monthly review of jet fuel prices is due on Saturday, 30 April 2016. PSU OMCs review jet fuel prices on the last day every month based on the average imported crude oil price for the month. Jet fuel prices are directly linked to crude oil price.
In the primary market, the initial public offer (IPO) of dairy firm Parag Milk Foods opens for bidding on Wednesday, 4 May 2016. The issue closes on Friday, 6 May 2016. The price band of the IPO is Rs 220 to Rs 227 per share.
On political front, developments in budget session of Parliament will be closely watched. The second part of the budget session of Parliament commenced on 25 April 2016, after a month long recess and will conclude on 13 May 2016, during which government hopes to receive support of opposition parties in passage of key legislations including the Goods & Services Tax (GST) Bill.
Among domestic macro economic data, Markit Economics will announce the India Manufacturing PMI for April 2016 on Monday, 2 May 2016. The Nikkei India Services PMI will be declared on Wednesday, 4 May 2016.
On the global front, China's official April manufacturing purchasing managers' index will be announced on Sunday, 1 May 2016. April's non-manufacturing PMI will also be released on the same day. On Monday, 2 May 2016, Markit Economics will announce the Nikkei Japan Manufacturing PMI, Markit Eurozone Manufacturing PMI and the Markit US Manufacturing PMI. Markit Economics will announce Caixin China General Manufacturing PMI on Tuesday, 3 May 2016. The influential monthly US nonfarm payroll data for April 2016 will be released by the Labor Department on Friday, 6 May 2016.
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