Investors may trade cautiously
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.
Investors will closely track the next batch of Q4 results of India Inc. Grasim Industries will announce its January-March 2016 quarter results on Saturday, 7 May 2016.
Hindustan Unilever (HUL) will announce its January-March 2016 quarter results on Monday, 9 May 2016. Zee Entertainment Enterprises will announce its January-March 2016 quarter results on Tuesday, 10 May 2016. Kotak Mahindra Bank and Asian Paints will announce their January-March 2016 quarter results on Wednesday, 11 May 2016. Nestle India and Glenmark Pharmaceuticals will announce their January-March 2016 quarter results on Thursday, 12 May 2016. Cadila Healthcare will announce its January-March 2016 quarter results on Friday, 13 May 2016.
Select stocks may see action as Morgan Stanley Capital International (MSCI) will announce changes in its global indices as part of its semi-annual index review on Thursday, 12 May 2016. The changes will be effective from 1 June 2016. MSCI is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds are linked with MSCI indices. Hence, any addition or deletion of a stock in MSCI index will require the fund tracking that index to include or exclude that stock in its portfolio.
Among key macro economic announcements, the government is scheduled to unveil industrial production data for March 2016 at 17:30 IST on Thursday, 12 May 2016.
India's industrial production (IIP) rebounded 2% in February 2016 over February 2015, while snapping consistent decline for last three straight months.
The government is scheduled to unveil the consumer price index (CPI) data (rural, urban and combined) for the month of April 2016 at 17:30 IST on Thursday, 12 April 2016. The all-India general CPI inflation dipped to six months low of 4.83% in March 2016 (new base 2012=100), while recording decline for second straight month.
On the global front, Asian markets will on Monday, 9 May 2016, react to the influential monthly US nonfarm payroll data for April 2016 to be released on Friday, 6 May 2016. The monthly job data would influence US monetary policy. The US central bank's mandate centers on maximizing employment and keeping inflation at a 2% target level.
The Energy Information Administration (EIA) will unveil data on crude oil inventories in the US on Wednesday, 11 May 2016. The data measures the weekly change in the number of barrels of commercial crude oil held by US firms.
On Thursday, 12 May 2016, the Bank of England (BOE) monetary policy committee members will vote on where to set the rate.
Germany's Q1 Gross Domestic Product (GDP) data will be unveiled on Friday, 13 May 2016.
Investors will closely track the next batch of Q4 results of India Inc. Grasim Industries will announce its January-March 2016 quarter results on Saturday, 7 May 2016.
Hindustan Unilever (HUL) will announce its January-March 2016 quarter results on Monday, 9 May 2016. Zee Entertainment Enterprises will announce its January-March 2016 quarter results on Tuesday, 10 May 2016. Kotak Mahindra Bank and Asian Paints will announce their January-March 2016 quarter results on Wednesday, 11 May 2016. Nestle India and Glenmark Pharmaceuticals will announce their January-March 2016 quarter results on Thursday, 12 May 2016. Cadila Healthcare will announce its January-March 2016 quarter results on Friday, 13 May 2016.
Select stocks may see action as Morgan Stanley Capital International (MSCI) will announce changes in its global indices as part of its semi-annual index review on Thursday, 12 May 2016. The changes will be effective from 1 June 2016. MSCI is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds are linked with MSCI indices. Hence, any addition or deletion of a stock in MSCI index will require the fund tracking that index to include or exclude that stock in its portfolio.
Among key macro economic announcements, the government is scheduled to unveil industrial production data for March 2016 at 17:30 IST on Thursday, 12 May 2016.
India's industrial production (IIP) rebounded 2% in February 2016 over February 2015, while snapping consistent decline for last three straight months.
The government is scheduled to unveil the consumer price index (CPI) data (rural, urban and combined) for the month of April 2016 at 17:30 IST on Thursday, 12 April 2016. The all-India general CPI inflation dipped to six months low of 4.83% in March 2016 (new base 2012=100), while recording decline for second straight month.
On the global front, Asian markets will on Monday, 9 May 2016, react to the influential monthly US nonfarm payroll data for April 2016 to be released on Friday, 6 May 2016. The monthly job data would influence US monetary policy. The US central bank's mandate centers on maximizing employment and keeping inflation at a 2% target level.
The Energy Information Administration (EIA) will unveil data on crude oil inventories in the US on Wednesday, 11 May 2016. The data measures the weekly change in the number of barrels of commercial crude oil held by US firms.
On Thursday, 12 May 2016, the Bank of England (BOE) monetary policy committee members will vote on where to set the rate.
Germany's Q1 Gross Domestic Product (GDP) data will be unveiled on Friday, 13 May 2016.
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