RBI rate decision, auto sales and earnings likely to influence market

State Bank of India (SBI), ITC, Mahindra & Mahindra, State Bank of India (SBI), ITC, Mahindra & Mahindra Titan GAIL, Indigo, Britannia and Godrej Properties will report their quarterly figures during the week.

Volatility in the forex market will remain on investors’ radar after the rupee’s biggest gain since the rupee closed at 79.25 on Friday.

that week

Indian equity benchmarks Sensex and Nifty jumped nearly three per cent last week – a second straight weekly gain. Globally, rate hikes on expected lines in the US and remarks from the Fed sent positive signals to equity markets.

IT Financial and Metal stocks were the top gainers for the headline index.

A total of 38 stocks in the Nifty 50 basket saw weekly gains.

Bajaj Finance, Bajaj Finserv, SBI Life, IndusInd and Asian Paints were also among the top gainers.

Broader markets also strengthened for the week.

index Weekly Change (%)
Nifty Midcap 100 2
Nifty Smallcap 100 0.5

the road ahead

Analysts see the next target for Nifty 50 at 17,400, when the bulls took a decisive break above 16,800.

“All sectors are contributing to this move. We believe the focus should still be on the top performers instead of expecting a change in the beaten names. We are in Auto, FMCG, Banking and Financial. and remain selective in other sectors,” said Ajit Mishra, VP-Research, Religare Broking.

He said participants can explore buying opportunities on dips.

Here are the major factors and events affecting Dalal Street in the week starting 1st August:

home signs

corporate earnings

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Date company
August 1 ITC, Zomato, UPL, Thyrocare, Escorts, Barbecue-Nation, TBZ
August 2 Bosch, Adani Green, Deepak Nitrite, Godrej Properties, Brigade Enterprises, Indus Towers, Lemontree, Voltas
August 3 Adani Power, Adani Transmission, InterGlobe Aviation, Lupine, Vodafone Idea, Tata Coffee, Godrej Consumer Products, Inox Leisure, Birlasoft, Devyani International, Bliss GVS Pharma
August 4 GAIL, Adani Enterprises, Adani Total, BHEL, Britannia, Dabur, Berger Paints, BEML, Dalmia Bharat, Kalpataru Power, Spandana Spoorthi, Ujjivan Financial Services, HCC, Krishna, LIC Housing Finance, Manappuram, Max India
August 5 Mahindra & Mahindra, NMDC, Nykaa, Paytm, Titan, UCO Bank, Indigo Paints, CAMS, Fortis Healthcare
August 6 SBI, Marico, Amara Raja, Indian Overseas Bank

FII Activity

Institutional investors’ money flow will continue to be concentrated on Dalal Street.

global signal

Date We Europe Asia
August 1 manufacturing PMI data Germany Retail Sales, France Manufacturing PMI Data, Eurozone Unemployment Data Hong Kong GDP data, China and Japan building up PMI data
August 2 Fed official Charles Evans to speak Hong Kong retail sales data
August 3 crude oil reserves data France and Eurozone Services PMI Data, Eurozone Retail Sales Data China and Japan Services PMI Data
August 4 Jobless Claims Data, Fed Loretta Meester to Speak ECB executive board member Frank Alderson to speak
August 5 unemployment rate data Germany and France Industrial Production Data