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.
Broader markets took a bigger hit than the flagship indices.
|mid cap 100||-1.4|
|Small Cap 100||-2.7|
A total of 38 Nifty50 stocks suffered weekly cuts.
Hero MotoCorp and Hindustan Unilever were among the few blue chip winners.
Here are the main factors and events likely to influence Dalal Street during the truncated week of May 2:
|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|
Indian stock and currency markets will remain closed on Tuesday for Id-Ul-Fitr.
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:
|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.
A PMI survey on India’s manufacturing sector is due out on Monday.
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.
|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|
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