Week ahead: Quarterly results, dollar movement to guide equity markets

Investors will keep a close eye on the corporate earnings
reports for the second quarter of the ongoing financial year (Q2FY23). Trend in
global markets, the movement of rupee against the dollar and crude oil price movement
will dictate trend on the bourses. Market will keep a watch on inflows from
foreign portfolio investors (FII) and domestic institutional investors (DIIs). Global
markets are quite volatile, which may lead to volatility in the Indian market
as well. Given the upbeat trend of the US dollar amid global macroeconomic
concerns, the movement of the Indian rupee in the coming week will be closely
monitored by investors.

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This week many financial and cement companies will release
their quarterly results.  Investors will
be keen to hear the management commentary about the future earnings growth
outlook. ICICI Lombard General Insurance Company will announce its result on October
18, 2022. HDFC Asset Management Company, IndusInd Bank, Nestle India,
Persistent Systems, Sagar Cements, Ultratech Cement will announce results on October
19, 2022. Asian Paints, Axis Bank, Bajaj Finance, ITC, UTI Asset Management Company,
will release their results on October 20, 2022. Bajaj Finserv, Ambuja Cements,
HDFC Life Insurance Company, Hindustan Unilever, SBI Life Insurance Company and
United Spirits will release their results on October 21, 2022.

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China has postponed the release of growth figures for the
third quarter along with a host of other economic indicators expected this
week, as the country’s leadership gathers for a meeting set to hand President
Xi Jinping a historic third term in office.

In the United States, Housing Starts and Building Permits
data for September will release on Wednesday, October 19, 2022. US Existing Home
Sales data for September will be announced on Thursday, October 20, 2022.
Existing home sales in the US fell 0.4% to a seasonally adjusted annual rate of
4.8 million in August of 2022.

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Goldman Sachs,
Johnson & Johnson and Netflix will release their third quarter earnings
reports on October 18, 2022. Procter & Gamble, Tesla, IBM, Lam Research will
announce their quarterly results on October 19, 2022.