In the coming week, first quarter results, macroeconomic data, progress of monsoon rains, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses.
Investors brace up as the Q1 June 2017 earnings of India Inc pick up pace next week.
The India Meteorological Department (IMD) in its weekly weather report on Thursday, 13 July 2017, said that for the country as a whole, cumulative rainfall during this year’s southwest monsoon season has so far upto 12 July 2017 is 1% below Long Period Average (LPA).
Overseas, China will unveil GDP data for second quarter on Sunday, 16 July 2017. China’s industrial production data for June 2017 will be unveiled on Sunday, 16 July 2017.
Eurozone Consumer Price Index (CPI) data for June will be declared on Monday, 17 July 2017.
Eurozone interest rate decision will be held on Thursday, 20 July 2017. The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks vote on where to set the rate.