Q2 earnings to dictate trend
The ongoing second-quarter earnings season and key macroeconomic data in India will set the tone on the domestic bourses in the week ahead. Trading will be truncated next week as the stock market remains shut on Tuesday, 4 November 2014, on account of Muharram and on Thursday, 6 November 2014, on account of Gurunanak Jayanti.
Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will also dictate near-term trend on the bourses in the forthcoming week. Fall in crude oil prices augur well for India as the country imports 80% of its oil requirement.
The ongoing Q2 September 2014 earnings season will continue until mid-November 2014. Godrej Consumer Products and Tata Communications announce July-September 2014 results on Saturday, 1 November 2014.
Dabur India announces July-September 2014 results on Monday, 3 November 2014.
Jindal Steel & Power, Thermax and Trent announce July-September 2014 results on Tuesday, 4 November 2014.
Bata India, Colgate-Palmolive (India), Escorts, GlaxoSmithKline Consumer Healthcare, HeidelbergCement India, Hotel Leela Venture, IRB Infrastructure Developers, Tata Global Beverages and Tata Investment Corporation announce July-September 2014 results on Wednesday, 5 November 2014.
Ashok Leyland, Aurobindo Pharma, Cadila Healthcare, Canara Bank, Cummins India, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Karur Vysya Bank and Pfizer announce July-September 2014 results on Thursday, 6 November 2014.
Larsen & Toubro, Marico, MMTC, Neyveli Lignite Corporation, Novartis India, Sun TV Network, Syndicate Bank, UCO Bank, Chambal Fertilisers & Chemicals, Engineers India, Essar Oil and Jet Airways (India) announce July-September 2014 results on Friday, 7 November 2014.
Among macro economic data, HSBC Manufacturing Purchasing Managers' Index (PMI) for October 2014 is due on Monday, 3 November 2014. Adjusted for seasonal factors, the headline HSBC India PMI – a composite gauge designed to give a single - figure snapshot of manufacturing business conditions – dropped from 52.4 in August to 51.0 in September.
HSBC Services PMI for October 2014 is due on Wednesday, 5 November 2014. The HSBC Services PMI, rose to 51.6 in September from 50.6 in August 2014. A reading above 50 signifies growth while anything below denotes contraction.
In the global market, the European Central Bank (ECB) and Bank of England (BoE) will make interest-rate decisions on Thursday, 6 November 2014.
The ongoing second-quarter earnings season and key macroeconomic data in India will set the tone on the domestic bourses in the week ahead. Trading will be truncated next week as the stock market remains shut on Tuesday, 4 November 2014, on account of Muharram and on Thursday, 6 November 2014, on account of Gurunanak Jayanti.
Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will also dictate near-term trend on the bourses in the forthcoming week. Fall in crude oil prices augur well for India as the country imports 80% of its oil requirement.
The ongoing Q2 September 2014 earnings season will continue until mid-November 2014. Godrej Consumer Products and Tata Communications announce July-September 2014 results on Saturday, 1 November 2014.
Dabur India announces July-September 2014 results on Monday, 3 November 2014.
Jindal Steel & Power, Thermax and Trent announce July-September 2014 results on Tuesday, 4 November 2014.
Bata India, Colgate-Palmolive (India), Escorts, GlaxoSmithKline Consumer Healthcare, HeidelbergCement India, Hotel Leela Venture, IRB Infrastructure Developers, Tata Global Beverages and Tata Investment Corporation announce July-September 2014 results on Wednesday, 5 November 2014.
Ashok Leyland, Aurobindo Pharma, Cadila Healthcare, Canara Bank, Cummins India, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Karur Vysya Bank and Pfizer announce July-September 2014 results on Thursday, 6 November 2014.
Larsen & Toubro, Marico, MMTC, Neyveli Lignite Corporation, Novartis India, Sun TV Network, Syndicate Bank, UCO Bank, Chambal Fertilisers & Chemicals, Engineers India, Essar Oil and Jet Airways (India) announce July-September 2014 results on Friday, 7 November 2014.
Among macro economic data, HSBC Manufacturing Purchasing Managers' Index (PMI) for October 2014 is due on Monday, 3 November 2014. Adjusted for seasonal factors, the headline HSBC India PMI – a composite gauge designed to give a single - figure snapshot of manufacturing business conditions – dropped from 52.4 in August to 51.0 in September.
HSBC Services PMI for October 2014 is due on Wednesday, 5 November 2014. The HSBC Services PMI, rose to 51.6 in September from 50.6 in August 2014. A reading above 50 signifies growth while anything below denotes contraction.
In the global market, the European Central Bank (ECB) and Bank of England (BoE) will make interest-rate decisions on Thursday, 6 November 2014.
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