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- Dalal Street Watch: Q1 Earnings, Auto Sales, OLA IPO Among Top Factors Next Week
Mumbai36 minutes ago
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The stock market may see a rise this week. The market will keep an eye on the first quarter (Q1FY25) results of companies, automobile sales, domestic economic data, FOMC meeting, global economic data, FII-DII flow and upcoming IPOs.
Here we are telling you about such factors which will decide the market movement this week…
1. First quarter results of companies
This week, 490 companies will release their April-June 2024 quarter results. These include big names like State Bank of India, Tata Steel, ITC, Tata Consumer Products, Tata Motors, Titan Company, Coal India, Mahindra & Mahindra, Maruti Suzuki, Adani Enterprises, Adani Ports, Sun Pharmaceutical Industries and Divi’s Laboratories.
Apart from this, Bank of India, Bank of Baroda, GAIL India, Hindustan Petroleum Corporation, Indian Oil Corporation, Indus Towers, ACC, Ambuja Cements, Zomato, BHEL, Adani Power, Adani Total Gas, Dabur India, Emami, Bharat Electronics, Indian Bank, Dixon Technologies, Exide Industries, Mankind Pharma, Zee Entertainment Enterprises and Amara Raja Energy and Mobility are included.
2. Automobile Sales
The market will also focus on the monthly automobile sales data to be released at the end of next week. Therefore, stocks like Tata Motors, Maruti Suzuki India, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor Company, Ashok Leyland, Escorts and Eicher Motors will be in focus.
3. Domestic economic data
Apart from corporate results and automobile sales, the market will also keep an eye on the manufacturing PMI data for July, which will be released on August 1.
Apart from this, fiscal deficit and infrastructure output data for June will be announced on July 31. Foreign exchange reserve data for the week ended July 26 will be released on August 2.
4. FOMC meeting
Globally, all eyes will be on the meetings of central banks, including the Federal Open Market Committee, next week. A Fed Funds rate cut is unlikely at the meeting on July 31, but the focus will be on the statement of Federal Reserve Chairman Jerome Powell. Most market participants expect the first rate cut from the central bank in September.

Federal Reserve Chairman Jerome Powell.
Apart from this, the Bank of England and the Bank of Japan will also hold meetings next week on August 1 and July 31. According to analysts, the Bank of England may announce its first rate cut since 2020, while the Bank of Japan may go for a rate hike.
5. Global economic data
Apart from this, the market will also focus on JOLTs job opening and exit data, unemployment rate, non-agri payroll and factory order data in the US. At the same time, manufacturing PMI data from major economies and initial estimates of Europe’s GDP growth for the June quarter will also be monitored.
6. FII-DII flow
Market participants will also keep an eye on the activities of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). FIIs appeared cautious last week, which may be due to high valuation concerns and the Union Budget.
DIIs continued to adopt a buy on dips strategy, which continued to support market sentiments. FIIs sold shares worth Rs 4,721 crore last week, however, domestic institutional investors bought shares worth Rs 8,110 crore.
7. Initial Public Offering (IPO)
Next week, 10 new IPOs will hit the primary market. Of these, 3 will be from the mainboard segment. All eyes will be on the IPO of Ola Electric Mobility. This is going to be the biggest IPO in the country after the LIC IPO in May 2022. It is opening on August 2.
Apart from this, in the mainboard segment, infrastructure construction company Seagull India will open its IPO on August 1. At the same time, the IPO of Akms Drugs and Pharmaceuticals will open on July 30.
In the SME segment, the IPOs of Bulkcorp, Silokhar Synergies E & P Global, Kiji Apparels, Ashapura Logistics, Rajputana Industries will open on July 30. The IPO of Utsav CZ Gold Jewels will come on July 31. The IPO of DhariwalCorp will open on August 1.
The Sensex gained 0.86% last week
In the last trading week, the Sensex rose by 0.86%. Nifty also rose by 1.50%. On the last trading day of last week, i.e. 26th July, the stock market saw a rise.
Nifty made an all-time high of 24,861 and closed at 24,834 with a gain of 428 points. At the same time, the Sensex closed at 81,332 with a gain of 1292 points.


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