Domestic macroeconomic data announcements, global trends, quarterly earnings and foreign fund trading activity would dictate terms in the equity markets this week, analysts said.
Besides, movement of rupee against the US dollar and global oil benchmark Brent crude price would also guide the trading pattern in the equity markets.
“From a macroeconomic perspective, market participants will be closely observing key events like the upcoming release of the US manufacturing PMI data, US services PMI data and US non-farm payrolls scheduled between August 1 and August 4.
“These indicators can provide valuable insights into the state of the global economy and may impact market sentiment. Additionally, institutional activity will also have a significant impact on market trends,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Among domestic macroeconomic numbers, PMI data for manufacturing and services sectors will be announced on Tuesday and Thursday, respectively.
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Posts in category Business Standard
Macroeconomic data, global trends, earnings to guide mkt trends: Analysts (30-07-2023)
M-cap of 7 of top-10 valued firms falls by Rs 77,434.98 cr, ITC takes hit (30-07-2023)
The combined market valuation of seven of the top-10 most valued firms fell by Rs 77,434.98 crore last week, with ITC and HDFC Bank taking the biggest hit, in-line with a muted trend in equities.
Last week, the BSE benchmark fell by 524.06 points or 0.78 per cent.
While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap).
The valuation of ITC fell by Rs 26,192.05 crore to Rs 5,83,732.19 crore.
HDFC Bank’s mcap declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore and that of Bajaj Finance plunged Rs 12,127.47 crore to Rs 4,47,298.52 crore.
The market valuation of Reliance Industries tumbled Rs 5,818.43 crore to Rs 17,10,076.74 crore and that of TCS went lower by Rs 5,214.15 crore to Rs 12,27,739.80 crore.
Hindustan Unilever’s valuation eroded by Rs 4,417.23 crore to R
FPIs’ buying spree continues; invest Rs 45,365 cr in equities in July (30-07-2023)
Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth.
However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the US Federal Reserve meeting on Wednesday.
“The US Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon.
“The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions,” Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said.
According to the data, FPIs have been continuously buying Indian equities since March and infused Rs 45,365 crore this month. Only one trading day is left in July.
This figure includes investment through bulk deals and primary markets, apart from investment through stock …
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Citing what it said were speculative media reports, SEBI said in a statement, “It is clarified that there is no proposal to curb retail participation in derivative markets”
Gold price dips Rs 380 to Rs 60,110; silver falls Rs 2,000 to 76,400 (29-07-2023)
The price of 22-carat gold dipped Rs 350 and the yellow metal is selling at Rs 55,100
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Some members of the promoter group had pledged certain shares of Wockhardt with Guardian Finance to avail loan
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Nifty logs weekly decline of 0.5%, Sensex 0.8%
Yatharth Hospital IPO subscribed 36.16 times on last day of subscription (28-07-2023)
The Initial Public Offering (IPO) of Yatharth Hospital and Trauma Care Services was subscribed 36.16 times on the last day of subscription on Friday.
The Rs 686.55 crore-initial share sale received bids for 59,72,19,800 shares against 1,65,17,823 shares on offer, as per BSE data.
The portion for qualified institutional buyers received 85.10 times subscription while the non-institutional investors part was subscribed 37.22 times. The retail individual investors category was subscribed 8.34 times.
The IPO comprised a fresh issue aggregating up to Rs 490 crore and an offer for sale of up to 65,51,690 equity shares.
The IPO had a price range of Rs 285-300 a share.
The initial public offering of Yatharth Hospital was fully subscribed on the first day of subscription on Wednesday.
Yatharth Hospital & Trauma Care on Tuesday said that it collected Rs 206 crore from anchor investors.
The company said it intends to utilise the net proceeds for repayment of debt, funding capital expenditur
Crypto wrap: Market trading sideways on Fed rate hike, Twitter rebranding (28-07-2023)
Earlier this week, US Fed hiked its benchmark interest rate by 25 basis points, taking it to the highest in 22 years
IPO-bound Ola Electric recorded $136 million loss in FY23: Report (28-07-2023)
The e-scooter maker last year in June issued a statement saying it was “on track to surpass $1 billion run rate by end of this year” and “the future forecast looks even stronger.”