In the coming week, US NFP jobs data and China GDP growth & inflation will be in focus.
Sensex & Nifty lacking directional momentum during the week, hence close on flat note. Going forward, global cues and inflation data will set momentum for the indices. Adani stocks extended losses after index provider MSCI said it will cut the weightings of four Adani Group companies.
Market Outlook: The overall market outlook remains positive, with strong economic growth and positive earnings reports from banks would provide support. However, investors should remain cautious and monitor developments closely, as markets will react to RBI policy meeting outcome in the coming week.
The first week of 2023 will be dominated in the US by non-farm payrolls report, and the Federal Reserve December policy-meeting minutes. Also, investors will follow closely global PMI levels which will be released in this week.
In the coming week, investors will keenly lookout for FOMC meeting minutes and global PMI levels.
Sensex & Nifty are just 1.2% away from touching new highs. In the recent past despite of foreign outflows, domestic indices continues their bullish trend by defying global weakness in equities. This trend is likely to continue as corporates and Indian economy are offering investors better revenue growth visibility.
Global equities rally boosted sentiment for Sensex & Nifty despite mixed quarterly results from corporates. Nifty would make an attempt to cross 18K however global cues would dictate the trend for domestic indices as Fed monetary policy decision and surprise RBI meeting would bring back volatility in markets.
Investors will watchout for quarterly earnings from corporates and macro-economic indicators to gauge global demand.
Sensex & Nifty would witness rise in volatility amid negative global cues and sharp fall in USDINR (which will force RBI to hike interest rates sharply). However, sharp decline in oil prices is something to cheer for.
Global cues will be key trends to watch as investors will be keenly watching ECB outcome.
Nifty touched high of 17992 during the quick rally in the last 5 weeks, however on Friday amid profit booking Nifty declined by 1% and touched day low of 17710. Further direction of trend in Nifty will depend on Fed Chair Jerome Powell's speech at the Jackson Hole symposium and macro-economic data.
Nifty gained by 8% in the month of July amid tracking global equities rally. Domestic markets would rally if RBI hikes interest rates aggressively on expectations of policy stability going forward.
Action packed week ahead for investors as Fed will come out with policy-meeting outcome, US will report GDP growth and corporate earnings. Monthly F&O contracts expiry is another factor which would spurt volatility in the markets.
Sensex & Nifty movement for the week likely to be decided by macro-economic data and Q1Fy23 earnings. Disappointing numbers from TCS would put IT index under selling pressure. Weak set of domestic earnings and high US inflation data would spurt volatility in markets.
Sensex and Nifty closed the week on a positive note despite giving up Friday gap-up gains. Equity markets likely discounted RBI’s 75 bps rate hike in the upcoming June policy-meeting and investors will keenly observe central bankers take on inflation growth.
Selling spree continues as FIIs/FPIs sold Rs. 391 billion in May 2022. Investors will watch out for US jobs data and service PMI levels. Q4 earnings will keep domestic investors busy and GDP growth figures will be released.
Selling pressure likely to continue in markets despite any pullback in indices. FIIs pulled out whooping amount of Rs.1523 billion (YTD) from domestic equities and near-term negative global cues will weigh on investors sentiment.
Fed is expected to hike rates by 50bps during its May policy-meeting and US markets witnessed worst sell-off since 2008 in the month of April 2022. Negative global cues likely to spurt volatility.
Investors will watch out for US tech stocks earnings and US & Eurozone GDP growth data. Domestic investors will watch out for earnings Bajaj Finance, Sanofi, Bajaj Auto, HUL, Ultratech and Maruti Suzuki.
Investors will watch out for new covid cases rise in Europe and China which is causing lockdown in few cities of China. FIIs/FPIs have sold Rs. 355 billion in February 2022 and Rs. 420 billion in March 2022 (as of 21st March 2022).
Markets are likely to stay volatile amid ongoing Russia & Ukraine issue and Fed policy meeting outcome which will hint market participants how aggressively the Fed will hike rates. Last week, commodity prices surged sharply amid supply disruptions (Russia sanctions) and raising fears of higher inflation.
Investors will watch out for developments in Russia and Ukraine matter, ECB policy-meeting minutes, OPEC+ meeting and US non-farm payroll data. China will release PMI levels GDP growth data. Domestic investors will watch-out for Q3 GDP growth data.
RBIs accommodative stance boosted market sentiment, however, sharp rise in UST yields & geo-political tension caused sell-off in domestic equities. Investors will watch out for developments in Russia & Ukraine matter, FOMC minutes and Japan’s GDP growth & inflation data. Domestic investors will look out for CPI & WPI data.
Investors will watchout for ECB policy-meeting minutes, earnings reports from Goldman Sachs & Netflix and China Q4 GDP growth figures. Bajaj Finance, Cipla, Tatva Chintan, Ultratech Cements, and Bajaj Auto will report Q3 earnings.
Markets will react to domestic industrial output data came in at 3.2% YoY compared to 3.1% growth in previous month as the low base effect wanes. Market participants will watchout for FED & ECB policy-meeting outcome and domestic inflation data.
Sensex and Nifty50 will react to PM Narendra Modi decision of revoking the 3 farm laws and to the deal termination between Reliance Industries & Saudi Aramco. . F&O monthly expiry will also add additional pressure to the market in this week.
Global equities turned volatile during the start of the last week on the back of higher inflation figures recorded in US. However, Fed is acting as cool as cucumber when it come to inflationary pressures as it still believes it is transitory.
Big week for the Indian primary markets, 5 companies would be aiming for successful subscription. Result seasons is underwhelming as many corporates are concerned about rising raw material costs which is impacting margins
Rising bond yields and corporate earnings missing out expectations on margin front dampened the market sentiment during last week. Supply chain hurdles, rising logistic costs and higher raw material prices have resulted in margin contraction for corporates.
US NFP data came in lower than expectations which is positive for emerging markets but, its unlikely that Fed would change the course of guidance of taper program and rate hikes. Domestic investors will watch out for IIP, Inflation data and Q2 domestic earnings.
In the coming week, domestic investors will watch out for RBI policy outcome, Q2 domestic earnings will start from this Friday with TCS will be reporting after market hours. US jobs report and OPEC+ meeting outcome will be keenly watched.
Sensex touched 60K level and Nifty is just shy away from 18K level. Monthly F&O expiry would spurt volatility in the domestic markets. Going forward, investors will lookout for earnings season with IT companies to come out first and global manufacturing PMI levels.
Markets going forward will take cues from macro-economic data points and FED policy meeting before reacting to the Q2 earnings expectations. Last week, Sensex & Nifty gains were driven by Grasim Industries, HUL, Nestle India and Bharti Airtel offset the losses in some banking stocks.
Next week, domestic markets likely to witness spurt in volatility on the back to weak global cues. Global investors in the coming week will watch out for the Japan and Eurozone Q2 GDP growth figures. US and China will publish retail sales and industrial production data.
Domestic investors will watch out for inflation & industrial production (IIP) data and Q1 earnings release from Shree cements, MRF, Nilkamal, Coal India and Jindal Steel. Global investors in the coming week will watch out for the US consumer confidence data and Eurozone industry output data.
In the coming week, the market would take cues from the Nifty50 company earnings performance & guidance, and from global markets. Clean Science & Tech and GR infra will debut on domestic bourses on 19th July 2021. Global investors will watch out for flash PMI surveys.
Investors will watch out for PMI data points and US non-farm payroll data. OPEC+ meeting is scheduled in the week which would provide guidance on production plans for rest of the year. Domestic investors will watch out for June Auto sales data and trade figures.
Global investors will watch out for UK & China monetary policy meeting outcomes. Domestic investors would see some volatility this week and Shyam Metalics & Sona Comstar are expected to debut secondary markets on 24th June 2021.
Domestic inflation data, the balance of trade, and RBI policy meeting minutes will keenly be watched by investors. 4 fresh IPOs would keep Indian primary markets busy this week, total cumulative fundraise would be Rs. 91 billion.
RBI policy outcome and GDP data will be important data points for investors in coming week.
Domestic investors will watch for Q4Fy21 earnings and further announcement on state wise lockdowns & restrictions due to surge in Covid-19 cases . This week, Kotak Mahindra, LTTS, Home First Finance, SBI Life, Adani Ports and Godrej Properties will report earnings.
Indian markets recovered post-RBI’s dovish commentary during April’s policy-meeting despite rising Covid-19 cases across the country. IT & Pharma stocks gained the most during last week on the back of better earnings expectations and depreciating INR.
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S&P BSE Sensex & Nifty tumbled as much as 1% on Friday, due to renewed concerns over a spike in bond yields. India's yield on 10-year benchmark government bond touched trade at 6.24% close to 11-month high on Wednesday. Reading time 5 minutes.
S&P BSE Sensex & Nifty tumbled as much as 1% on Friday, financials, pharma and IT stocks led the losses, amid a spike in bond yields after US Federal Reserve Chair Jerome Powell said that the economic reopening could boost inflation temporarily. Reading time 4 minutes.
BSE Sensex & Nifty tumbled as much as 4% on Friday suffering steepest declines in 2021, as investors fear that the surge in UST yields and rising inflation rates could prompt central banks to tight monetary policy sooner than expected.
S&P BSE Sensex shed 560 points on Friday, in line with global weakness across markets as investors worried over stretched valuations. . On macro-front, Infrastructure output in India dropped by 1.3% .
S&P BSE SENSEX shed 550 points on Friday, tracking US equities that ended lower overnight amid concerns that President Donald Trump's impeachment is complicating the early days of Joe Biden's presidency
BSE Sensex index closed at record high 48,782 mark taking cues from Wall Street. On earnings front, TCS reported revenues growth of 0.4% (Y-o-Y) in constant currency terms, 5.4% (Y-o-Y) in INR terms, 4.1% (Q-o-Q) constant currency terms & 4.7% (Q-o-Q) INR terms.
BSE Sensex index closed at record high 47,868 mark. According to Reuters, the budget expansion will rely on asset sales of around USD 40 billion for some of the funding and also India is likely to spend more next fiscal year than this year's budgeted.
BSE Sensex index closed at record highs inching towards 47,000 mark. Sensex & Nifty recovered from the 3% drop witnessed on Monday due to worry over the mutated Covid-19 virus
FIIs/FPIs have bought Indian equity shares worth Rs. 603 billion in November 2020 and bought shares worth Rs. 165 billion in December 2020. Foreign Institutional Investors (FIIs) Derivative Statistics have shown a rise in the open interest across Index Options and Stock Options.
Auto stocks including Maruti Suzuki, Tata Motors, Ashok Leyland, Eicher Motors, Hero MotoCorp, Mahindra & Mahindra, Bajaj Auto and Escorts will be in focus on Tuesday as monthly volume sales data for November 2020 will be released.
S&P BSE Sensex gained 280 points on Friday, due to Covid-19 vaccine effectiveness and expectation of faster economy recovery as the festive season have shown positive demand trends.
FIIs/FPIs have sold Indian equity shares worth Rs. 77.83 billion in September 2020 and bought shares worth Rs. 156 billion in October 2020 (till 25th October 2020). Foreign Institutional Investors (FIIs) Derivative Statistics have shown a fall in the open interest across Index Options and Stock Options.
FIIs/FPIs have sold Indian equity shares worth Rs. 77.83 billion in September 2020 and bought shares worth Rs. 85 billion in October 2020 (till 16th October 2020). Foreign Institutional Investors (FIIs) Derivative Statistics have shown a rise in the open interest across Index Options and Stock Options.
BSE Sensex & Nifty witnessed strong weekly gains of 4.68% & 4.36%, respectively. Upbeat deposit growth & loan book growth from HDFC Bank, Bajaj Finance, Bandhan Bank, and IndusInd Bank boosted market sentiment, S&P BSE Banked surged by 5% during the last week
The BSE Sensex index rebounded sharply on Friday as reports of likely stimulus package from government ahead of festive season boosted market sentiment. During last week, Sensex & Nifty declined by -3.75% & -3.95%.
S&P BSE Sensex index declined by 0.4% on Friday, as surging coronavirus infections fuelled concerns about further lockdowns and the economic recovery. The number of cases in India, surpassed 866,000, forcing several state governments to re-impose the lockdown.
FIIs/FPIs have bought Indian equity shares worth Rs. 466 billion in August 2020 and sold shares worth Rs. 6.75 billion in September 2020 (till 6th September 2020). Foreign Institutional Investors (FIIs) Derivative Statistics have shown a rise in the open interest across Index Futures.
The BSE Sensex index closed on a positive note on Friday lead by financial sector stocks. Investors cheered news about the US Federal Reserve's policy shift to an average inflation targeting, raising expectations of lower interest rates for longer in the world's largest economy.
India Inc reported weak Q4Fy20 earnings due to disruptions caused in operations due to Covid-19 pandemic and weak demand acted as a catalyst for lower earnings growth. The guidance for Q1Fy21 by most of the companies had been cautious due to the lockdown of states for a prolonged time.
The BSE Sensex index closed on a flat note on Friday as investors remained cautious amid rising tensions between the US and China. During the week, RBI kept the repo rate at 4.00% and reverse repo rate at 3.35% and forecasted Fy21 GDP real growth to be negative