Next batch of quarterly earnings, global cues to dictate trend
Next batch of Q4 results of India Inc., 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 market trend in the near term.
Asian markets including Indian equities will on Monday, 16 May 2016 react to the crucial industrial production data from China for the month of April 2016 scheduled on Saturday, 14 May 2016.
Investors will closely track the next batch of Q4 results of India Inc. Among key earnings, Punjab National Bank is scheduled to announce its Q4 March 2016 results on Wednesday, 18 May 2016. Pharma major Lupin will announce its fourth quarter earnings on Thursday, 19 May 2016. Cigarette major ITC is scheduled to announce its Q4 March 2016 earnings on Friday, 20 May 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
On the political front, the counting of votes for assembly elections in five states viz. Assam, Kerala, Tamil Nadu, West Bengal and Puducherry will take place on Thursday, 19 May 2016. The outcome of the assembly elections is crucial for the ruling National Democratic Alliance (NDA) led by Bharatiya Janata Party (BJP) as the party lacks majority in the Rajya Sabha. A lack of a majority in the Rajya Sabha has stalled Prime Minister Narendra Modi's economic reforms agenda and delayed passage of a key tax bill, the Goods and Services Tax (GST).
Among macro economic data, the inflation based on wholesale price index (WPI) for the month of April 2016 is scheduled to be released by the government on Monday, 16 May 2016. WPI stood at negative 0.85% in March 2016 as compared to a reading of negative 0.91% in February 2016.
On the global front, Japan's industrial production data for the month of March 2016 is scheduled to release on Tuesday, 17 May 2016. On the same day, the Eurozone trade data for the month of March 2016 is due. On Thursday, 19 May 2016, the US initial jobless claims data for the week ended 13 May 2016 is due.
Asian markets including Indian equities will on Monday, 16 May 2016 react to the crucial industrial production data from China for the month of April 2016 scheduled on Saturday, 14 May 2016.
Investors will closely track the next batch of Q4 results of India Inc. Among key earnings, Punjab National Bank is scheduled to announce its Q4 March 2016 results on Wednesday, 18 May 2016. Pharma major Lupin will announce its fourth quarter earnings on Thursday, 19 May 2016. Cigarette major ITC is scheduled to announce its Q4 March 2016 earnings on Friday, 20 May 2016.
Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
On the political front, the counting of votes for assembly elections in five states viz. Assam, Kerala, Tamil Nadu, West Bengal and Puducherry will take place on Thursday, 19 May 2016. The outcome of the assembly elections is crucial for the ruling National Democratic Alliance (NDA) led by Bharatiya Janata Party (BJP) as the party lacks majority in the Rajya Sabha. A lack of a majority in the Rajya Sabha has stalled Prime Minister Narendra Modi's economic reforms agenda and delayed passage of a key tax bill, the Goods and Services Tax (GST).
Among macro economic data, the inflation based on wholesale price index (WPI) for the month of April 2016 is scheduled to be released by the government on Monday, 16 May 2016. WPI stood at negative 0.85% in March 2016 as compared to a reading of negative 0.91% in February 2016.
On the global front, Japan's industrial production data for the month of March 2016 is scheduled to release on Tuesday, 17 May 2016. On the same day, the Eurozone trade data for the month of March 2016 is due. On Thursday, 19 May 2016, the US initial jobless claims data for the week ended 13 May 2016 is due.
No comments:
Post a Comment