The 4th quarter corporate earnings, macroeconomic data, and the 2nd phase of voting for the Lok Sabha Election 2019 are among the factors that may lead investor sentiment this week.
Companies like ICICI Lombard General Insurance, Reliance Industries, HDFC Bank, Mindtree, and Wipro will announce their March quarter earnings this week. Moreover, the Wholesale Price Index (WPI) inflation and balance of trade data for March will be released By Today.
The 2nd phase of voting for Lok Sabha 2019 polls is scheduled for Thursday in 97 constituencies across 13 states and union territories. On the same day, the Reserve Bank of India (RBI) will release minutes of the Monetary Policy Committee meeting held earlier this month which led to a policy rate cut.
The week will also see the release of some key global data among which are the US industrial production, retail sales, and manufacturing data for March and February trade balance data. China will also release its first-quarter GDP numbers and March industrial production numbers.
Apart from these factors, investors will also track closely stock-specific action, movement of rupee against the US dollar, oil prices and FII inflows.
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GLOBAL CUES
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 % with South Korea’s KOSPI up 0.5 %. Australian shares slightly weaker. Japan’s Nikkei jumped 1.3 % to the highest since early December.
STOCKS TO WATCH
Q4 earnings release: Network18 Media & Investments, TV18 Broadcast, Hathway Cable, Reliance Industrial Infrastructure, among others
TCS and Infosys released their Q4 earnings on Friday after market hours
Jet Airways has suspended its operations in SAARC and ASEAN regions indefinitely. Moreover, a crucial meeting between the management and the lenders is scheduled for Monday.
Sudarshan Chemical Industries board agrees to divest industrial mixing solutions division to GMM Pfaudler (GMMP)
Dr Reddy's Labs has acquired a portfolio of 42 abbreviated new drug applications (ANDAs) in the US.
Suven Life Sciences receives US court approval to buy assets of Rising Pharmaceuticals
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