Economic data, monsoon progress will be watched
The outcome of the monthly surveys on India's manufacturing sectors, 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.
Among corporate news, DLF and MOIL will announce their Q1 June 2016 results on Monday, 29 August 2016.
Indian Oil Corporation (IOC) will consider bonus issue of shares and its Q1 June 2016 results on Monday, 29 August 2016.
Bharat Petroleum Corporation (BPCL) will announce its Q1 June 2016 results on Wednesday, 31 August 2016.
The performance of the monsoon rains will be monitored. In its monsoon update issued on Thursday, 25 August 2016, the India Meteorological Department (IMD) said that for the country as a whole, cumulative rainfall during this year's monsoon so far (till 25 August 2016) was 3% below the long period average (LPA).
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for August 2016 from Thursday, 1 September 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
Among domestic macro economic data, Markit Economics will announce the India Manufacturing PMI for August 2016 on Thursday, 1 September 2016.
Among global cues, market will react to Federal Reserve Chairwoman Janet Yellen's speech on Friday, 26 August 2016, which could provide hints about the timing of the next rate hike from the Fed. High US interest rates would pull money out of emerging markets and redirect it to the US. Yellen is due to speak at the Kansas City Fed's annual Monetary Policy Symposium in Jackson Hole, Wyoming. Minutes from the Federal Open Market Committee's (FOMC) July meeting showed officials were split on whether an increase in interest rate was needed soon.
In US, ADP Nonfarm Employment Change data for the month of August 2016 and Pending Home Sales data in the US for the month of July 2016 will be unveiled on Wednesday, 31 August 2016. US Nonfarm Payrolls data for the month of August 2016 and US Unemployment Rate data for the month of August 2016 will be unveiled on Friday, 2 September 2016.
China Manufacturing Purchasing Managers Index (PMI) data for the month of August 2016 and China Caixin Manufacturing PMI data for the month of August 2016 will be unveiled on Wednesday, 31 August 2016.
Among corporate news, DLF and MOIL will announce their Q1 June 2016 results on Monday, 29 August 2016.
Indian Oil Corporation (IOC) will consider bonus issue of shares and its Q1 June 2016 results on Monday, 29 August 2016.
Bharat Petroleum Corporation (BPCL) will announce its Q1 June 2016 results on Wednesday, 31 August 2016.
The performance of the monsoon rains will be monitored. In its monsoon update issued on Thursday, 25 August 2016, the India Meteorological Department (IMD) said that for the country as a whole, cumulative rainfall during this year's monsoon so far (till 25 August 2016) was 3% below the long period average (LPA).
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for August 2016 from Thursday, 1 September 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
Among domestic macro economic data, Markit Economics will announce the India Manufacturing PMI for August 2016 on Thursday, 1 September 2016.
Among global cues, market will react to Federal Reserve Chairwoman Janet Yellen's speech on Friday, 26 August 2016, which could provide hints about the timing of the next rate hike from the Fed. High US interest rates would pull money out of emerging markets and redirect it to the US. Yellen is due to speak at the Kansas City Fed's annual Monetary Policy Symposium in Jackson Hole, Wyoming. Minutes from the Federal Open Market Committee's (FOMC) July meeting showed officials were split on whether an increase in interest rate was needed soon.
In US, ADP Nonfarm Employment Change data for the month of August 2016 and Pending Home Sales data in the US for the month of July 2016 will be unveiled on Wednesday, 31 August 2016. US Nonfarm Payrolls data for the month of August 2016 and US Unemployment Rate data for the month of August 2016 will be unveiled on Friday, 2 September 2016.
China Manufacturing Purchasing Managers Index (PMI) data for the month of August 2016 and China Caixin Manufacturing PMI data for the month of August 2016 will be unveiled on Wednesday, 31 August 2016.
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