Fed, Lic Ipo, earnings likely to influence the market


Central bank action, the initial sale of LIC shares and corporate earnings will be concentrated on Dalal Street during the shortened four-session week from May 2. Earnings will remain the focus, with index heavyweights Reliance Industries, HDFC, Hero MotoCorp, Tata Steel, Tata Consumer and Kotak Mahindra Bank among companies expected to report quarterly figures during the week.

Additionally, foreign fund flows and updates on the Russian-Ukrainian war and rising COVID infections in some parts of the world will continue to be on investors’ radar. Overall, investors will closely follow the decisions of the American and British central banks in terms of key rates.

The week that was

Indian stock indices fell slightly last week. The 30-stock Sensex index lost 136.3 points or 0.2% for the trading week ended April 29, managing to hold the 57,000 mark.

Most sector indices ended the week in the red.

Fed, Lic Ipo, earnings likely to influence the market

Broader markets took a bigger hit than the flagship indices.

Hint Weekly change
mid cap 100 -1.4
Small Cap 100 -2.7

A total of 38 Nifty50 stocks suffered weekly cuts.

Fed, Lic Ipo, earnings likely to influence the market

Hero MotoCorp and Hindustan Unilever were among the few blue chip winners.

Fed, Lic Ipo, earnings likely to influence the market

Here are the main factors and events likely to influence Dalal Street during the truncated week of May 2:

GLOBAL INDICES

WE Europe Asia
May 2nd Manufacturing PMI Eurozone manufacturing PMI Japanese manufacturing PMI
May 3 Eurozone unemployment rate, speech by the President of the ECB Hong Kong GDP data
May 4 Fed rate decisionCrude Oil Inventory Data ECB non-monetary policy meeting, eurozone retail sales
May 5 Data on unemployment insurance claims BoE rate decisionECB official speech
May 6 Official Fed speech Three BoE officials are due to speak Inflation data in Japan
May 7 Three Fed officials are due to speak

DOMESTIC INDICES

Indian stock and currency markets will remain closed on Tuesday for Id-Ul-Fitr.

Earnings

A large number of blue-chip companies are expected to release their financial results during the week.

Here are some notable financial results expected this week:

Company Earnings
HDFC, Britannia, IDBI, IDBI Bank, M&M Financial Services, Devyani International and Inox Leisure May 2nd
Hero MotoCorp, Tata Steel, Titan, Adani Enterprises, Godrej Properties and JSW Energy May 3
Kotak Mahindra Bank, Tata Consumer, Adani Green, Havells, Equitas Small Finance Bank, Deepak Nitrite and CarTrade May 4
Adani Transmission, Adani Power, TVS Motor, Voltas Marico, Dabur, Cholamandalam Investment and OFSS May 5
Reliance Industries, Canara Bank, Federal Bank and Tata Power May 6

Initial Public Offering

The IPO of state-owned life insurer LIC worth up to Rs 21,000 crore will hit the streets on Wednesday, May 4. The initial stock sale is expected to be the biggest ever in the country.

Macroeconomic data

A PMI survey on India’s manufacturing sector is due out on Monday.

IFI activity

Foreign fund flows will remain concentrated on Dalal Street.

Last week, foreign institutional investors (FIIs) sold Indian stocks to the tune of Rs 12,190 crore, although domestic institutional investors (DIIs) made net purchases of Rs 7,278.3 crore, according to reports. provisional trade data.

Securities transaction

Company Date of departure Goal Registration Date
FOSECO India May 2nd Final dividend Rs 25
Sri Havisha Hospitality & Infrastructure May 2nd AGE
Distriparks gateway May 4 Interim dividend Rs 1.25 May 5
Sindhu Trade Links May 4 AGE
Colgate-Palmolive (India) May 5 Interim dividend Rs 21 May 7
Sarda Energy & Minerals May 5 Interim dividend Rs 7.5 May 6
Sarda Energy & Minerals May 5 Redemption of shares May 6
CRISIS May 6 Interim dividend Rs 7 May 9
Embassy Office Parks REIT May 6 Distribution of RITES income May 9
Mahashree Trade May 6 AGE
Education and accessories for treehouses May 6 AGE
Vedanta May 6 Interim dividend Rs 31.5 May 9

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.


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