Monthly manufacturing and services sector data in focus
The final batch of Q4 March 2016 corporate results, the outcome of the monthly surveys on India's manufacturing and services sectors, the onset of the monsoon rains and trend in global financial markets will dictate the near term trend on the domestic bourses. Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for May 2016 from Wednesday, 1 June 2016.
Stocks of public sector oil marketing companies (PSU OMCs) will be in focus as a fuel price review is due at the end of the month. 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. Aviation stocks will be in focus as a monthly review of jet fuel prices is due at the end of the month. 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.
Stock prices of Coal India and Hindalco Industries will on Monday, 30 May 2016, react to their Q4 March 2016 results to be announced on Saturday, 28 May 2016. Tata Motors, Mahindra & Mahindra, Sun Pharmaceutical Industries, Aurobindo Pharma and NTPC are scheduled to announce Q4 March 2016 results on Monday, 30 May 2016.
Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for May 2016 on Wednesday 1 June 2016. The seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to 50.5 in April 2016 from 52.4 in March 2016. Markit Economics will unveil the outcome of a monthly survey on India's services sector for May 2016 on Friday, 3 June 2016. The Nikkei India Services PMI fell to 53.7 in April 2016 from 54.3 in March 2016.
The movement of global crude oil prices will remain in focus as an official meeting of the Organization of the Petroleum Exporting Countries (OPEC) is scheduled on Thursday, 2 June 2016, in Austria's capital Vienna.
On the global front, Asian markets will on Monday, 30 May 2016, react to comments from US Federal Reserve Chairwoman Janet Yellen at a scheduled speech at Harvard University on Friday, 27 May 2016. Her comments could provide more indications about whether the US central bank would raise rates in near term. The Fed has kept the benchmark fed funds rate unchanged after raising it for the first time in nearly a decade in December 2015. The Federal Open Market Committee next undertakes monetary policy review on 14-15 June 2016. Investors in emerging markets, including India are worried that higher interest rates in the US will drain liquidity from emerging markets and redirect it to developed economies.
The US stock market is closed on Monday, 30 May 2016, for the Memorial Day holiday.
Stocks of public sector oil marketing companies (PSU OMCs) will be in focus as a fuel price review is due at the end of the month. 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. Aviation stocks will be in focus as a monthly review of jet fuel prices is due at the end of the month. 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.
Stock prices of Coal India and Hindalco Industries will on Monday, 30 May 2016, react to their Q4 March 2016 results to be announced on Saturday, 28 May 2016. Tata Motors, Mahindra & Mahindra, Sun Pharmaceutical Industries, Aurobindo Pharma and NTPC are scheduled to announce Q4 March 2016 results on Monday, 30 May 2016.
Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for May 2016 on Wednesday 1 June 2016. The seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to 50.5 in April 2016 from 52.4 in March 2016. Markit Economics will unveil the outcome of a monthly survey on India's services sector for May 2016 on Friday, 3 June 2016. The Nikkei India Services PMI fell to 53.7 in April 2016 from 54.3 in March 2016.
The movement of global crude oil prices will remain in focus as an official meeting of the Organization of the Petroleum Exporting Countries (OPEC) is scheduled on Thursday, 2 June 2016, in Austria's capital Vienna.
On the global front, Asian markets will on Monday, 30 May 2016, react to comments from US Federal Reserve Chairwoman Janet Yellen at a scheduled speech at Harvard University on Friday, 27 May 2016. Her comments could provide more indications about whether the US central bank would raise rates in near term. The Fed has kept the benchmark fed funds rate unchanged after raising it for the first time in nearly a decade in December 2015. The Federal Open Market Committee next undertakes monetary policy review on 14-15 June 2016. Investors in emerging markets, including India are worried that higher interest rates in the US will drain liquidity from emerging markets and redirect it to developed economies.
The US stock market is closed on Monday, 30 May 2016, for the Memorial Day holiday.
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