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- Dalal Street Week Ahead, Q1 Earnings, US Inflation, Powell Testimony, FII Activity Top Key Factors To Watch
Mumbai20 minutes ago
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There may be a rise in the stock market next week. The market will keep an eye on the companies’ first quarter (Q1FY25) results, India’s retail inflation data, US Inflation and Powell Testimony, Domestic Economic Data, Global Economic Data, FII-DII flows and upcoming IPO.
Here we are telling about such factors which will decide the market movement in the next week…
1. First quarter results of companies
From next week, companies will start releasing the results for the first quarter of the financial year 2025 (Q1FY25) i.e. April-June quarter. TCS will release its first quarter figures on July 11.
HCL Technologies will release its results on July 12. Whereas Avenue Supermarts i.e. DMart will release its April-June quarter results on July 13. The market will keep an eye on all these results.
2. India’s retail inflation figures
Market participants will keep an eye on the retail inflation data to be released on July 12. India’s retail inflation fell to a 12-month low of 4.75% in May 2024. Core inflation also declined slightly, coming down to 3.1% in May from 3.2% in April. However, food inflation remains stable at 8.69%.
3. Domestic Economic Data
Apart from the domestic consumer inflation data, data on industrial production, manufacturing production, bank loan and deposit loan growth will be released on July 12. Apart from this, Reserve Bank of India (RBI) will also release the figures of foreign exchange reserves on July 12.
4. US Inflation and Powell Testimony
Federal Reserve Chairman Jerome Powell is scheduled to give an important statement on Tuesday, July 9, 2024. After this he will also give an important speech on July 10. Investors will keep an eye on his statements and speeches. After this, America’s inflation data will be released on July 11.
Federal Reserve Chairman Jerome Powell’s speech will be held on July 10.
5. Global Economic Data
Investors will also focus on China’s inflation and producer price index (PPI) data, which provide insight into economic conditions in the world’s second-largest economy. Apart from this, investors will also focus on the interest rates decision of South Korea, which affects the regional monetary policy.
Data on US MBA Mortgage Applications and API & EIA Crude Oil Stocks Change for the week ending July 5 will be released. Apart from this, data of America’s Wholesale Inventory for the month of May, Initial Jobless Claims for the week ending July 6 and Producer Price Index (PPI) for June will also come. Investors will keep an eye on all these figures.
6. FII-DII Flow
The market will also keep an eye on the activities of Foreign Institutional Investors (FII) next week. Because, FIIs have returned to the Indian market. According to provisional data, last week FIIs bought shares worth Rs 6,874.66 crore.
The discussion about the Union Budget and India’s inclusion in JP Morgan’s bond index are some of the reasons that have increased FII interest in local equities. Domestic Institutional Investors (DII), on the other hand, have done some profit booking in the equity markets last week. According to provisional data, DIIs have sold equity shares worth Rs 385.29 crore.
However, FII outflows have been offset by continued strong buying by DIIs in the equity markets over the past few weeks. FIIs had sold shares worth Rs 14,704 crore in the cash segment, while DIIs had bought shares worth Rs 20,796 crore.
7. Initial Public Offering (IPO)
Two companies are going to be listed in the primary market this week. Shares of Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited will be listed on July 10.
In the SME segment, one IPO will be open for subscription, while the other three IPOs will be closed. Ambi Laboratories, Ganesh Green Bharat and Afva Infra & Research will be listed in the SME segment next week.
Sensex gained 0.95% last week
There was a rise of 0.95% in the Sensex in the last entire trading week. Nifty also had a rise of 0.08%. There was a decline in the stock market on Friday, July 5, the last trading day of the week.
The Sensex closed at 79,996 with a fall of 53 points. At the same time, there was a rise of 21 points in Nifty, it closed at the level of 24,323. Out of 30 Sensex stocks, 17 saw a rise and 13 saw a fall.