Dalal Street Week Ahead: Income, big data, FII activity, other important things to follow
Share Market News: Domestic equity benchmarks Sensex and Nifty50 fell 2.2 percent and 2.7 percent respectively dragged by sell-off on Dalal Street last week, amid a slew of weak earnings from majors and continued outflow of foreign institutional investors. Investors lost Rs 21.2 lakh crore in wealth as the market capitalization (mcap) of BSE-listed companies contracted to Rs 437 lakh crore from Rs 458.2 lakh crore, according to interim exchange data.
As market participants await the final trade before Diwali, here are a few key events to track in the domestic and international markets during the trading week beginning October 28:
HOME VIEWS
Salaries
More than 350 companies are scheduled to report their financial results during the week.
Here are some of the important benefits that you should follow:
- Monday: Bharti Airtel, BHEL, Federal Bank, Indian Oil Corp, LIC Housing Finance, Paras Defense and Space Tech, PNB, RailTel Corp, Sun Pharma, Tata Tech
- Tuesday: Cipla, Concor, Voltas, Deepak Fertiliser, HUDCO, Marico, MTAR Tech, Prestige Estates Projects, SBI Card, Vakrangee, V-Guard, VMart
- On Wednesday: Tata Power, Biocon, DCM Shriram, IRB, Larsen & Touro, TTK Prestige
- Thursday: Tata Investment Corp, Narayana Hrudayalaya, Last Mile Enterprises, Sudarshan Pharma Industries, Sonalis Consumer Products
- On Friday:Lykis
Macroeconomic data
Official data on activity in eight key industries—all known as infrastructure sector activity—will be released at 5pm on Wednesday.
The PMI survey of the private sector that takes into account manufacturing activity in the country will be conducted at 10:30 am on Friday.
Institutional flow
Foreign institutional investors (FIIs) have sold Indian stocks worth Rs 1,00,242 crore in October so far, while domestic institutional investors (DIIs) have bought a total of Rs 97,091 crore, according to provisional exchange data.
WORLD CURRENCIES
- Monday: Hong Kong trade data
- Tuesday: Japan unemployment data, German consumer confidence data, US housing data and consumer confidence data
- Wednesday: US crude oil data, French GDP data, German GDP, inflation and unemployment data, Eurozone GDP and economic sentiment data, US GDP data
- Thursday: Japan’s industrial production data and retail sales data, BoJ rate decision, China’s manufacturing data, Germany’s retail sales data, France’s inflation data, Hong Kong’s GDP data, recession data Eurozone inflation, US jobless claims data
- Friday: US non-farm payroll data, US manufacturing data
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