INSUBCONTINENT EXCLUSIVE:
After a week that saw the market barometers soar to new highs, traders will see if it the market can sustain the current rally for another
week.
A wide range of macro numbers, including inflation and industrial growth prints, will be on the radar
Along with them, many key companies will announce their quarterly earnings.
The coming trading week will be a truncated one, as equity and
commodity markets will be closed on Tuesday on account of Guru Nanak Jayanti.
Going by the buzz on Dalal Street, here are the key factors
that will guide the market next week:
Key macro numbersA number of key macro numbers to be released during week will be on the market’s
September industrial production and manufacturing output data will be released on Monday
The industrial production growth rate has slowed recently because of slowing demand
The central government will also release October CPI data this week, tentatively scheduled for Tuesday
On Thursday, WPI inflation numbers will be out
India will also release trade balance data on Friday.
Key Q2 earningsSeptember quarter earnings season is entering its last leg
On Monday, traders will eye quarterly earnings from Adani Ports, Alkem Lab, Britannia, Hindalco, Motherson Sumi and NHPC; followed by
Aurobindo Pharma and Godrej Industries on Tuesday
3M India, Adani Green and Adani Power will also release their quarterly data this week
Apart from these, a vast number of smaller companies will post their numbers through the week.
Top global cuesMarketmen will track a number
of data sets from key economic blocs across the world
On Monday, Japanese central bank will release summary of opinions while the UK will come out with trade balance, GDP and September
industrial production data
On Wednesday, the UK and the US will release inflation numbers
China’s IIP and retail sales for October, FDI data, UK retail sales for October, Euro area trade balance and inflation numbers are set to
be released this week.
FII inflow numbersForeign institutional investors (FII) continued to pour money in the Indian markets as Sensex hit
new highs almost every day last week and Nifty reclaimed 12,000 level
FIIs invested a net Rs 4,443 crore as per data available with NSDL
Traders will watch the further flow from the FIIs, which if it continues, can take the indices to newer heights.
