Dalal Street Watch: Q1 earnings, WPI inflation, Powell speech, ECB decision, China GDP key factors next week | Stock market forecast to rise next week: From quarterly results to wholesale inflation data to FII flows, these factors will decide the movement of the market.

There may be a rise in the stock market next week. The market will keep an eye on the first quarter (Q1FY25) results of companies, India’s wholesale inflation data, domestic economic data, global economic data, FII-DII flows and upcoming IPO.

Here we are telling about such factors, which will decide the movement of the market this week…

1. First quarter results of companies
Companies have started releasing financial results for the first quarter (Q1FY25) i.e. April-June. More than 190 companies will release their quarterly results in the coming week. Major companies whose results will be watched include Reliance Industries, Infosys, HDFC Bank, HDFC Life Insurance, Bajaj Auto, Asian Paints, LTI Mindtree, JSW Steel, UltraTech Cement, Wipro, Kotak Mahindra Bank and Bharat Petroleum Corporation.

Additionally, Jio Financial Services, HDFC Asset Management, Angel One, Bank of Maharashtra, SpiceJet, Aditya Birla Money, L&T Finance, Havells India, L&T Technology Services, Persistent Systems, Polycab India, Tata Technologies, ICICI Lombard General Insurance, One 97 Communications (Paytm), PVR Inox, Union Bank of India, Poonawala Fincorp, RBL Bank and Yes Bank will also release their quarterly results.

2. Wholesale Inflation, Domestic Economic Data
Market participants will focus on June wholesale inflation data to be released on July 15. economist’s
It is estimated that wholesale inflation will increase compared to the month of May. Foreign exchange reserve figures for the week ending July 12 will be revealed on July 19.

3. ECB policy meeting, Fed Chairman Powell’s speech
Investors will keep an eye on the European Central Bank’s policy meeting to be held on July 18. It is anticipated that the central bank will not change interest rates and may give a hint about the timing of the next interest rate cut.

Apart from this, the market will also keep an eye on the speech of Federal Reserve Chairman Jerome Powell, because traders see a 94% possibility of a rate cut in September. Especially since the Fed has acknowledged progress in controlling the labor market slowdown and inflation.

Federal Reserve Chairman Jerome Powell

4. Global Economic Data
Investors will also keep an eye on the retail sales, jobs data and inflation data of Europe, Japan and UK for the month of June in America. June quarter GDP data and the key political gathering to be held in China during July 15-18 (the Third Plenary Meeting of the Communist Party of China) will also be closely watched. Because during this time the focus can be on the metal sector. Generally, China focuses more on long-term political and economic reforms in such political gatherings.

5. FII-DII Flow
In the last week also, Foreign Institutional Investors (FII) have made huge purchases in the Indian market. This is why the market will keep an eye on whether FIIs will continue their purchases in Indian equities in the coming weeks or not.

FIIs bought equity shares worth Rs 3,844 crore in the cash segment last week, while domestic institutional investors (DIIs) outpaced FIIs and bought shares worth Rs 5,391 crore during the week.

6. Initial Public Offering (IPO)
In the week starting from July 15, 4 new Initial Public Offerings i.e. IPOs are opening. Of these, 3 are from SME segment and 1 is from mainboard segment. The IPO of Sunstar Limited in the mainboard segment will open on July 19.

The IPO of Tonwall E-Motors in the SME segment will open on July 15. Apart from this, the IPO of Macobs Technologies and Kataria Industries will open on 16th July. Sahaj Solar will be listed in the new week on 19th July.

Sensex gained 0.65% last week
There was a rise of 0.65% in the Sensex in the last entire trading week. Nifty also had a rise of 0.73%. There was a decline in the stock market on Friday, July 12, the last trading day of the week.

The Sensex had climbed 996 to reach a record high of 80,893. Nifty also made an all-time high of 24,592. However, later the market came down slightly from the record high and Sensex climbed 622 points to 80,519 and Nifty climbed 186 points to close at 24,502.