Q2 earnings, inflation data to dictate market trend
13/10/2014 00:08
According to market experts, trading sentiment at Dalal Street this week will be determined by second quarter earnings from Sensex heavyweights RIL and TCS, and consumer inflation data which will determine whether the RBI has enough room to ease monetary policy in the coming months. Besides, foreign fund inflows, the movement of the rupee and crude oil prices will also dictate the market trend in the holiday shortened week with stock markets closed on Wednesday due to assembly elections in Maharashtra. However, markets may see some weakness on Monday due to dismal IIP data released after market hours on Friday. India’s industrial output grew at the weakest pace in five months, up by 0.4 per cent in August 2014 from the same month a year ago, as manufacturing output which accounts for nearly 75 per cent of the index, contracted by a massive 1.4 per cent, year on year. Further, July’s industrial output growth was revised downwards to 0.4 per cent from a prior 0.5 per cent. Q2 earnings of companies such as RIL, TCS, Bajaj Auto, Hero MotoCorp, Axis Bank, HCL Technologies and Ultra Tech Cement would be in focus this week. Further, investors will be eying the CPI numbers on Monday followed by wholesale inflation data on Tuesday. India’s consumer inflation may have eased to 7.2 per cent in September 2014 from 7.8 per cent in August, analysts’ estimates showed.
13/10/2014 00:08
According to market experts, trading sentiment at Dalal Street this week will be determined by second quarter earnings from Sensex heavyweights RIL and TCS, and consumer inflation data which will determine whether the RBI has enough room to ease monetary policy in the coming months. Besides, foreign fund inflows, the movement of the rupee and crude oil prices will also dictate the market trend in the holiday shortened week with stock markets closed on Wednesday due to assembly elections in Maharashtra. However, markets may see some weakness on Monday due to dismal IIP data released after market hours on Friday. India’s industrial output grew at the weakest pace in five months, up by 0.4 per cent in August 2014 from the same month a year ago, as manufacturing output which accounts for nearly 75 per cent of the index, contracted by a massive 1.4 per cent, year on year. Further, July’s industrial output growth was revised downwards to 0.4 per cent from a prior 0.5 per cent. Q2 earnings of companies such as RIL, TCS, Bajaj Auto, Hero MotoCorp, Axis Bank, HCL Technologies and Ultra Tech Cement would be in focus this week. Further, investors will be eying the CPI numbers on Monday followed by wholesale inflation data on Tuesday. India’s consumer inflation may have eased to 7.2 per cent in September 2014 from 7.8 per cent in August, analysts’ estimates showed.
