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Week ahead: Quarterly results, crude price to weigh on Sensex, Nifty
- TCS shares will respond to the company's first-quarter results on Monday
- HCL Technologies will release its quarterly results on July 12, 2022
- The June inflation rate will be announced on July 12, 2022
The upcoming trading week will be dominated by earnings reports. Trends on the bourses will be determined in the near future by the direction of the global equity markets, the movement of the rupee against the dollar, and the price of crude oil. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be watched in their investments.
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The monsoon’s progress will also be constantly monitored. TCS shares will respond to the company’s first-quarter results on Monday, July 11, 2022.
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Avenue Supermarts will report its first-quarter results on July 9, 2022. HCL Technologies will release its quarterly results on July 12, 2022.
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Mindtree will report its quarterly results on July 13, 2022. On July 14, 2022, ACC, Angel One, Larsen & Toubro Infotech, and Tata Elxsi will release their quarterly results. On July 15, 2022, L&T Technology Services will release its quarterly results.
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On the macroeconomic front, the May Industrial Production and Manufacturing Production figures will be announced on July 12, 2022. On the same day, the June inflation rate will be announced.
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On 14 July 2022, India’s wholesale price index (WPI) inflation for June will be released. The Monsoon session of Parliament will begin on July 18, 2022, and end on August 12, 2022.
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The elections for the position of President of India will be the major focus of the Monsoon Session of Parliament. The voting will take place on July 18, and the results will be counted on July 21. The election for Vice President will take place on August 6.
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Globally, China will release the June inflation rate on July 9, 2022. On July 15, 2022, China will also release Industrial Production figures for June. On July 13, 2022, the United States will release the June Inflation Rate and Core Inflation Rate. On July 15, 2022, the United States will release Retail Sales statistics for June.
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The June Non-Farm Payrolls statistics for the United States will be released on July 8, 2022. The Labor Department’s monthly jobs report and employment statistics may be examined more closely as investors try to measure the health of the US economy.
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