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Quarterly results, macro data, global cues to set mkt trend

Market participants are also digesting the fallout of the government's move to demonetise high-value notes.

November 13, 2016 / 12:41 IST
     
     
    26 Aug, 2025 12:21
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    The ongoing quarterly results season, inflation data and global cues post the unexpected victory of Donald Trump in the US presidential poll are likely to dictate market sentiment in a holiday-shortened week ahead, say experts.

    Market participants are also digesting the fallout of the government's move to demonetise high-value notes.

    Stock markets will remain closed on Monday on account of Guru Nanak Jayanti.

    "Global cues, macroeconomic data and Q2 corporate earnings will dictate sentiment in the market in a truncated trading session," said Vijay Singhania, Founder Director, Trade Smart Online.

    Besides, wholesale price inflation (WPI) and consumer price inflation (CPI) data for October this week are likely to steer trading sentiment.

    Stock markets may also react to industrial production data when they open for trading on Tuesday.

    Industrial production grew a meagre 0.7 percent in September mainly due to poor show by manufacturing and mining sectors coupled with decline in capital goods output.

    "Going ahead, US rate hike and quarterly results are the other triggers which will impact markets," said Dipen Shah, Senior Vice President and Head PCG Research, Kotak Securities.

    September quarter results from Aurobindo Pharma, Tata Motors and GAIL would also influence trading.

    "Market is headed for uncertain times, no one will know until January what policies the new President of the US will pursue towards IT, pharma, heavy industries and export oriented units in which India has a meaningful stake...

    "...at the same time, back home the shortage of money in the system will impact the spending pattern of the consumers in the short term," said Jimeet Modi, CEO, SAMCO Securities.

    Over the last week, the BSE Sensex fell by 455.33 points to 26,818.82.

    first published: Nov 13, 2016 12:00 pm

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