Market Outlook for the coming
week!
In the coming week, June 2017 quarterly
results, F&O expiry, progress of monsoon rains, global macroeconomic data,
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 market may remain volatile as
traders roll over positions in the futures & options (F&O) segment from
the near month July 2017 series to August 2017 series. The near month July 2017
derivatives contract expire on Thursday, 27 July 2017.
The progress of monsoon rains will be
closely watched. The IMD said that for the country as a whole, cumulative
rainfall during this year's monsoon upto 20 July has been 1% above the Long
Period Average (LPA).
On the global front, Japan Manufacturing
PMI data for July 2017 will be unveiled on Monday, 24 July 2017. US
Manufacturing PMI data for July 2017 will also be unveiled on Monday, 24 July
2017.
The US Federal Reserve will announce its
interest rate decision on Wednesday, 26 July 2017. The Federal Reserve had
raised the target range for its federal funds rate by 25 basis points to 1% to
1.25% during its June 2017 meeting.
On Thursday, 27 July 2017 the first
reading or the advance measure of economic growth in the June quarter will be
issued in the US.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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