Q1 numbers, macroeconomic data and global cues to dictate market
trend
11/08/2014 17:02
The Sensex may witness volatility in the holiday shortened-week as the last leg of Q1 numbers, macroeconomic data and global cues including geopolitical fears influence market movement. Markets will be closed on Friday on account of Independence Day. Tata Steel, Coal India, Oil India, IOC and ONGC are among the companies that will unveil their earnings this week. All eyes will be on the Consumer price and Wholesale price index, and industrial output data for June this week. India’s industrial output may have risen for the third month on the trot in June, signaling a recovery in Asia’s third biggest economy. Analysts expect a 5.4 per cent, year on year rise in industrial output in June, up from 4.7 per cent in May. However, a rise in consumer inflation may dampen hopes of any near-term policy easing by the RBI. Investors will weigh events in Ukraine, events in Gaza and Iraq where the US has authorised airstrikes. The US last week began airstrikes against Islamic militants in Iraq who have seized oilfields in the country’s Kurdish region to contain the insurgency. US planes and drone aircrafts hit Islamic fighters in multiple attacks in a bid to protect the right of religious and ethnic minorities who have been massacred by the religious fighters. Russia’s Defence Ministry said that warplanes had finished off drills in the area neighbouring Ukraine, easing tensions between the West and Moscow.
11/08/2014 17:02
The Sensex may witness volatility in the holiday shortened-week as the last leg of Q1 numbers, macroeconomic data and global cues including geopolitical fears influence market movement. Markets will be closed on Friday on account of Independence Day. Tata Steel, Coal India, Oil India, IOC and ONGC are among the companies that will unveil their earnings this week. All eyes will be on the Consumer price and Wholesale price index, and industrial output data for June this week. India’s industrial output may have risen for the third month on the trot in June, signaling a recovery in Asia’s third biggest economy. Analysts expect a 5.4 per cent, year on year rise in industrial output in June, up from 4.7 per cent in May. However, a rise in consumer inflation may dampen hopes of any near-term policy easing by the RBI. Investors will weigh events in Ukraine, events in Gaza and Iraq where the US has authorised airstrikes. The US last week began airstrikes against Islamic militants in Iraq who have seized oilfields in the country’s Kurdish region to contain the insurgency. US planes and drone aircrafts hit Islamic fighters in multiple attacks in a bid to protect the right of religious and ethnic minorities who have been massacred by the religious fighters. Russia’s Defence Ministry said that warplanes had finished off drills in the area neighbouring Ukraine, easing tensions between the West and Moscow.
