Dedicated To Mumbai
Home > Business & Investment > ‘Q3 earnings, inflation data to drive stock market sentiment’

‘Q3 earnings, inflation data to drive stock market sentiment’

Monday, February 13, 2017
By A Business Reporter

Last leg of quarterly earnings, inflation data and trend in the Uttar Pradesh Assembly polls would dictate the sentiment in the stock market going ahead, say experts.  "Assembly elections in Uttar Pradesh, macroeconomic data and last batch of Q3 FY17 earnings will dictate the sentiment in the stock market this week," said Vijay Singhania, Founder Director, Trade Smart Online.

Inflation data based on consumer price index (CPI) for January is scheduled to be released after market hours on Monday and wholesale price index (WPI) on Tuesday.  Also, investors will continue to focus on final batch of Q3 result announcements.  Major earnings announcements, this week, are from Hindalco Industries, Jaiprakash Power Ventures, NMDC, Sun Pharmaceutical Industries and Tata Motors.

"We believe market to take cues from the UP polling also and behave similarly. Overall, we foresee range bound trading in the benchmark indices for the coming week. However, if any good news comes in like BJP getting the majority in UP, we could see rally in the market," said Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments.

Stock market may react to IIP numbers when it opens for trading on Monday. Demonetisation took a toll on industrial activity as output contracted to four-month low of 0.4% last December.

Facebook
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
I am 23-year-old woman. Why does it hurt when I h
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will be at your best when dealing with people today. Your ideas and schemes will be received and accepted and will prove gainful. Meetings and social gatherings scheduled for today will go off very well. Plans for travel are indicated. You will get a nice surprise on finding a romantic interest coming from an area least expected. It will do your ego well if nothing else. Do not get too carried away or seriously involved as there are problems ahead in this association.
- Advertising -
You may not be able to retreat into a bathtub eve
Kissing the sandy beaches of Mandwa, Kiki’s Café
Craving for a cup of tea this afternoon? Head ove
Read More