INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A host of triggers are likely to help benchmark indices move out of rangebound trading next week
While quarterly earnings will drive stock-specific actions, economic data such as March factory output and manufacturing growth prints,
fifth phase of elections and progress of US-China trade talks will be keenly followed
Oil prices, rupee-dollar exchange rate and foreign flow trend will also be tracked keenly
Here are key factors to watch out for next week: US-China trade dealA Chinese delegation will arrive in Washington on Wednesday (May 8) to
discuss the proposed trade deal
Donald Trump on Friday said the trade negotiations with China were going on pretty well
A report by CNBC quoting sources suggested that a trade deal could be announced by Friday this week
Q4 earningsA total of 216 companies will report March quarter earnings in the coming week, BSE data suggests
Bharti Airtel, ICICI Bank and Marico will declare results on Monday, Vedanta, Escorts and CEAT on Tuesday, Titan Company and Dhanlaxmi Bank
on Wednesday, HCL Tech and Apollo Tyres on Thursday and SBI, LT, Eicher Motors and Allahabad Bank on Friday.
IIP, manufacturing growth data
On Friday, investors would like to know whether the industrial output growth improved in March from a 20-month low of 0.1 per cent hit in
The factory output last month was hurt mainly due to a contraction in the manufacturing sector
Therefore, the numbers on manufacturing output to be released the same day will also be watched
Meanwhile, Nikkei India PMI Services data for April will be released on Monday
The three data prints will give cues on the state of the economy
5th phase of electionsThe fifth phase of voting in the general elections will take place on Monday
Voting will happen in 51 Lok Sabha constituencies across seven different states
After four phases of elections, the voting percentage stood at 67 per cent, comparable with 67.6 per cent reported in 2014
Equirus Securities said flattish turnout has historically proved to be good for an incumbent party
watched keenly.
Oil, rupee movementInvestors are keenly waiting to see if the recent fall in crude oil prices was temporary
A drop in crude prices will help the rupee appreciate or vice versa
Data suggests Brent crude futures settled at $70.85 a barrel on Friday, down 2.6 per cent for the week, snapping a five-week rising streak
US crude futures on the other hand fell around 3 per cent for the week to $61.94 a barrel.
Foreign flowsForeign flows into India were pretty
strong at Rs 72,394 in the last three months
In May so far, FPIs have pulled out Rs 367.30 crore from domestic equities.