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Corporate Profits, Mpc Minutes, Fed Speeches Likely to Be Featured


India’s stock indices hit new highs supported by auto, metal and power supply bank meters during a shortened trading week that ended on October 14. Wider markets also supported the overall market rise.

For the week, the 50-stock benchmark gained 363.15 points or 2.1% to a record 17,895.2 and the Sensex index added 1,293.5 points (2, 2%) to 60,059.

For the week, the 30-script index rose 1,246.9 points or 2.1% to 61,306 and the Nifty50 added 443.4 points or 2.5% to 18,338.6 – the two records of fencing.

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Dalal Street week ahead

All eyes will be on India Inc’s quarterly financial results as the corporate earnings season accelerates. Reliance Industries, Asian Paints, UltraTech, HUL, JSW Steel, Tata Consumer and HDFC Life are among the companies due to release their quarterly results this week.

The minutes of the RBI’s latest bimonthly review will be the center of attention as investors seek clues as to the timing of policy normalization going forward.

“Dalal Street will be listening to any information from management to forecast the future trajectory of earnings. As companies continue to maintain their momentum from the previous quarter into the second quarter, investors may see some ups and downs. in action this week as results beat or miss market expectations, ”brokerage firm Samco Securities said in a note.

The week will begin with Street’s reaction to HDFC Bank and Avenue Supermarts (DMart) results, which were released over the weekend.

The bank will be the focus for the next few days as the sector prepares to kick off its earnings season, said Vinod Nair, head of research at Geojit Financial Services.

“With the expectation of a strong recovery in corporate earnings, the Indian market is positioned to continue its bull run,” he said.

Technical perspectives

The Nifty50 index has formed a big bullish candle, and bullish sentiment is at its peak, which is generally viewed as unfavorable for taking further long positions, according to Samco.

“The benchmark is approaching the rising resistance line indicating limited upside potential in the near term. We suggest traders do not create new long positions and wait for slight declines to plan better. their entry. Immediate downside support is now placed at 17,850, “he said.

Here are the main factors and events likely to influence Dalal Street during the week of October 18:

DOMESTIC TAILS

T2 benefits

About 200 companies are expected to release their second quarter figures this week. Among them are Reliance Industries, UltraTech, Asian Paints, Hindustan Unilever, Nestlé, Tata Consumer, ICICI Bank, Federal Bank, Yes Bank, TVS Motor, Container Corp and Biocon.

Here are some of the companies that will be releasing their financial results this week:

On Monday: Larsen & Toubro Infotech, Tata Coffee and UltraTech

Tuesday: HUL, L&T Technology Services, ICICI Securities, Nestlé, Rallis and Nelco

Wednesday: Havells, JustDial, Jubilant FoodWorks, L&T Finance Holdings and Syngene

Thursday: Asian Paints, JSW Steel, Biocon, TVS Motor, Trident, Container Corp, ICICI Lombard General Insurance, IDBI Bank, IEX, Mphasis, Lemon Tree, South Indian Bank and Can Fin Home

Friday: Reliance Industries, Tata Consumer, Tata Elxsi, Federal Bank, Yes Bank, HDFC Life, Hindustan Zinc, PVR, Inox Leisure and Gland Pharma

Saturday: ICICI Bank

On Friday, the report of the RBI Monetary Policy Review October 6-8 will be released.

The flow of funds will once again be the center of attention. foreign pportfolio investors (REITs) bought net Indian stocks worth Rs 225.9 crore ($ 32.6 million) so far this month. In September, net REIT purchases were at Rs 27,756 crores ($ 3.8 billion).

Security name Date of departure Goal Registration Date
OMAXE LTD. 18-Oct-21 AGE 20-Oct-21
Authum Investment & Infrastructure Ltd 20-Oct-21 Splitting of shares from Rs.10 / – to Rs.1 / – 21-Oct-21
RASHTRIYA CHEMICALS & FERTILIZERS LTD. 20-Oct-21 Final dividend – Rs. – 1.7800 21-Oct-21
Accelya Solutions India Ltd 21-Oct-21 Final dividend – Rs. – 17.0000
BHANSALI ENGINEERING POLYMERS LTD. – $ 21-Oct-21 Interim dividend – Rs. – 1.0000 23-Oct-21
HCL TECHNOLOGIES LTD. 21-Oct-21 Interim dividend – Rs. – 10.0000 23-Oct-21
Mahip Industries Ltd 21-Oct-21 AGE
MINDTREE LTD. 21-Oct-21 Interim dividend – Rs. – 10.0000 22-Oct-21
Mishtann Foods Ltd. 21-Oct-21 Interim dividend – Rs. – 0.0020 22-Oct-21
FORGES RAMKRISHNA LTD. 21-Oct-21 Interim dividend – Rs. – 0.5000 22-Oct-21
Star Housing Finance Ltd 21-Oct-21 AGE
TEXMACO RAIL & ENGINEERING LTD. 21-Oct-21 Issue of participation rights 22-Oct-21
Vishwaraj Sugar Industries Ltd 21-Oct-21 Splitting of shares from Rs.10 / – to Rs.2 / – 22-Oct-21
Indo Us Bio-Tech Ltd 22-Oct-21 AGE
INEOS Styrolution France Ltd 22-Oct-21 Special dividend – Rs. – 192.0000 25-Oct-21
Prismx Global Ventures Ltd 22-Oct-21 Splitting of shares from Rs.10 / – to Rs.1 / – 25-Oct-21

GLOBAL INDICATORS

Data on China’s GDP, factory output and retail sales are due Monday. Later today, figures on industrial production in the United States will be released.

A number of speeches from Fed officials are expected this week. Analysts will be watching the commentary closely for clues as to how stimulus and monetary policy will develop in the world’s largest economy going forward. US employment data for October is due Thursday.

UK inflation data is due Wednesday, and consumer confidence and retail sales on Friday.

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