Market Outlook for the coming
week!
In the coming
week, macroeconomic data, progress of monsoon rains, trend in global markets,
investment by foreign portfolio investors (FPIs) and domestic institutional
investors (DIIs), the movement of rupee against the dollar and crude oil price
movement will dictate trend on the bourses.
The Q1 June 2017
earnings of India Inc will start ticking in. Among prominent companies,
IndusInd Bank is slated to release June quarter results on Tuesday, 11 July
2017. TCS will announce Q1 June 2017 results on Thursday, 13 July 2017. Infosys
is scheduled to announce Q1 earnings on Friday, 14 July 2017.
The India
Meteorological Department (IMD) in its weekly weather report on Thursday, 6
July 2017, said that the all India cumulative seasonal rainfall from 1st June
to 5th July 2017 stood at 217.3 mm as against normal rainfall of 206.7 mm, with
a departure of +5%.
The
June-September southwest monsoon is critical for the country's agriculture
because a considerable part of the country's farmland is dependent on the rains
for irrigation.
Among macro
economic data, the government will announce
industrial production data for the month of May 2017 after market hours
on Wednesday, 12 July 2017.
The data on
inflation based on consumer price index (CPI) or retail inflation for June 2017
will also be announced after market hours on that day.
The data on
inflation based on wholesale price index (WPI) for June 2017 is slated to
release on Friday, 14 July 2017.
On the global
front, a closely watched US non-farm jobs report for June is due later on
Friday, 7 July 2017. US industrial production data for the month of May is due
on Friday, 14 July 2017.
China's foreign
direct investment report for June is slated to release on Wednesday, 12 July
2017. On the same day, Eurozone industrial production data for the month of May
is due.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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