INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity market had a terrific run last week, as it scaled fresh lifetime high
However, only select largecaps lifted the equities higher while broader market continued to struggle.
A better-than-expected quarterly
numbers from companies, including ITC, Colgate-Palmolive, JSW Steel, YES Bank, Biocon and Dr Reddy's nudged the bulls to take big strides,
lifting frontline indices to fresh milestones
Other factors that compelled investors to fall for equities included reduction in GST rates on over 100 items, FIIs buying again and
positive global cues.
On a weekly basis, the BSE Sensex gained 840 points, or 2.3 per cent, while the 50-share pack surged 268 points, or
2.4 per cent.
Going ahead, it's going to be a policy week as many major central banks are going to declare their monetary policy
Monetary Policy Committee (MPC) is slated to meet during July 30 to August 1 for the third bi-monthly monetary policy statement for
The six-member monetary policy committee of the central bank headed by Governor Urjit Patel in June meet bit the bullet and hiked the repo
second time on Wednesday as inflation risks mount
Next batch of quarterly earningsCorporate earnings will continue to dominate the Street's proceedings in the coming week
Among notable names, Axis Bank, HDFC, Idea Cellular, Tech Mahindra, IDFC and Shree Cement are slated to declare their June quarter results
Bank of India, Dabur India, Power Grid Corporation of India, Tata Motors and Vedanta will announce theirs on Tuesday
Indiabulls Housing Finance and Marico are expected to unveil their report cards on Thursday
Nestle India and Titan Company will declare theirs on Friday.
US Fed meetUS Federal Reserve will announce its interest rate decision on
The Fed had hiked its benchmark short-term interest rate a quarter percentage point in June and indicated that two more increases are likely
The move pushed the funds rate target to 1.75 per cent to 2 per cent.
BoJ and BoEBank of Japan (BoJ) will unveil its interest rate decision
preparing markets for some changes to its unique, ultra-loose monetary policy
BoJ had left its key short-term interest rate unchanged at -0.1 per cent at its June 2018 meeting.
This apart, Bank of England (BoE) will
declare its interest rate decision on Thursday
for a while - raise UK interest rates by a quarter point to 0.75 per cent, reports Reuters
BoE left its key bank rate on hold at 0.5 per cent on 21 June 2018.
Auto stocks in focusAutomakers will start releasing their sales numbers
Auto firms including cars, two-wheelers and commercial vehicles, reported a higher double-digit growth in sales in June
Auto major Maruti Suzuki India posted a robust growth of 44 per cent in the domestic sales with 1.34 lakh units in June as compared with
93,057 units the same period last fiscal.
TCNS Clothing listingShares of TCNS Clothing will get listed on BSE and NSE on Monday
The initial public offer (IPO) of the women's apparel maker was subscribed 5.27 times during its IPO
The Rs 1,125 crore public offer received bids for 5,79,79,780 shares against the total issue size of 1,09,99,828.
What tech chart sayThe
Nifty50 index on Friday formed a bullish candle similar to the 'Bullish Marubozu' pattern on the daily and weekly scales
Friday's opening gap remains unfilled, said Nagaraj Shetti of HDFC Securities
States non farm payrolls data for July will be unveiled on Friday
The country added another 213,000 jobs in June, although the unemployment rate rose to 4 per cent, according to a report by CNBC
Economists surveyed by Reuters had expected a nonfarm payrolls gain of 195,000 and the jobless rate to hold steady at 3.8 per cent, which
had been tied for the lowest since 1969, the report added.
