Dalal Street Week Ahead: Earnings, big data, FII trends, global indices set to dictate market trends
Share Market News: Domestic equity benchmarks posted their second consecutive weekly loss on Friday, October 11, as the Sensex settled at 81,381.4 and the Nify50 at 24,964.3. For the week ended October 11, the 30-script index lost 307.1 points, or 0.4 percent, while the Nifty fell 50.4 points, or 0.2 percent. As market participants await the new week of trading on Dalal Street, here is a list of things and events to look out for:
AT HOME
Salaries
More than 125 companies are scheduled to report their quarterly numbers during the week, including Infosys, Wipro, Tata Consumer Products, Nestle India, Bajaj Auto, Coal India, LTTS, ICICI Lombard and Havells India. Here are the top names to follow:
- Monday: HCLTech, Angel One, Reliance
- Tuesday: HDFC AMC, HDFC Life, Bank of Maharashtra, PVR INOX, Rallis
- Wednesday: Bajaj Auto, Coal India, LTTS, Crisil, Mphasis, South Indian Bank
- Thursday: Infosys, Nestle India, Axis Bank, Ceat, Central Bank of India, Dhanlaxmi Bank, Havells India, LTMindtree, Polycab
- Friday: Wipro, Tata Consumer Products, Tata Chemicals, Tata Communications, Tanla, ICICI Lombard, Jio Financial Services, Oberoi Realty
Corporate Action
The number of stocks is arranged to be traded on the old date to take the action of the company such as rights, division and dividends.
| Stock | Old date | The purpose |
| Edvenswa Enterprises Ltd | 14-Oct-24 | Right of issue of Equity shares |
| Company Abans Enterprises Ltd | 15-Oct-24 | Stock Split From Rs.10/- to Rs.2/- |
| Company Credent Global Finance Ltd | 15-Oct-24 | Stock Split From Rs.10/- to Rs.2/- |
| India Infrastructure Trust | 15-Oct-24 | Income Distribution (InvIT) |
| Company NRB BEARINGS LTD. | 16-Oct-24 | Interim allotments – Rs. – 2.5000 |
| PADAM COTTON YARNS LTD. | 16-Oct-24 | EGM |
| PONDY OXIDES & CHEMICALS LTD. | 16-Oct-24 | Stock Split From Rs.10/- to Rs.5/- |
| TV18 BROADCAST LTD. | 16-Oct-24 | Integration |
| Company Harshil Agrotech Ltd | 17-Oct-24 | Stock Split From Rs.10/- to Rs.1/- |
| Madhuveer Com 18 Network Ltd | 17-Oct-24 | Shares – Rs. – 0.0500 |
| Company Anand Rathi Wealth Ltd | 18-Oct-24 | Interim allotments – Rs. – 7.0000 |
| Company Humming Bird Education Ltd | 18-Oct-24 | Stock Split From Rs.10/- to Rs.1/- |
| Company HEG LTD. | 18-Oct-24 | Stock Split From Rs.10/- to Rs.2/- |
| SACHETA METALS LTD. | 18-Oct-24 | Stock Split From Rs.10/- to Rs.2/- |
| SUMEET INDUSTRIES LTD.-$ | 18-Oct-24 | Decision System – Suspension |
| TATA CONSULTANCY SERVICES LTD. | 18-Oct-24 | Interim allotments – Rs. – 10.0000 |
Macroeconomic data
Data on wholesale inflation is due at noon and on consumer spending at 5:30 pm on Monday.
FII activity
The flow of institutional investors will be closely monitored for possible effects on the domestic market.
In the last trading week, foreign institutional investors sold Indian stocks worth Rs 27,675 crore while domestic institutional investors bought a total of Rs 31,364 crore, according to provisional exchange data.
FIIs and DIIs followed the same trend in the last few weeks. FIIs sold shares worth Rs 58,394.6 crore while DIIs bought shares worth Rs 57,792 crore in October so far, the data showed.
THE WHOLE WORLD
Several central bank officials are scheduled to meet during the week.
News headlines about the situation in the Middle East will be tracked closely with crude oil prices and other global benchmarks.
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