Patterns in global stock markets, earnings reports, the rupee’s movement against the dollar, and crude oil prices will drive bourse trends in the next week.
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Foreign institutional investors (FIIs) continued to sell at a slower pace in the preceding week, although domestic institutional investors (DIIs) provided some relief as net buyers.
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FIIs sold stocks worth Rs 5,916.01 crore in the past week. DIIs, on the other hand, acquired shares worth Rs 2,146 crore.
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So far in July, FIIs have sold stocks worth Rs 10,459.13 crore while DIIs have purchased shares worth Rs 7,367.04 crore.
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Investors will be watching crude oil prices, which have fallen to their lowest level since February 2022. It is still trading below USD 100.
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A quick increase in Saudi Arabia’s oil production was not anticipated, a U.S. official told Reuters on Friday. Investors are also doubting if OPEC has the capacity to significantly increase crude production.
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On July 16, 2022, HDFC Bank released its first-quarter results. On July 19, 2022, Ambuja Cements, HDFC Life Insurance Company, Hindustan Unilever, and ICICI Lombard General Insurance Company will release their quarterly results.
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On July 20, 2022, IndusInd Bank and Wipro will release their quarterly results. On July 21, 2022, Hindustan Zinc will release its quarterly results. On July 22, 2022, UltraTech Cement will release its quarterly results.
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On July 21, 2022, the Bank of Japan (BoJ) will release its interest rate decision. On July 22, 2022, Japan will release the June inflation rate.
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China will unveil Loan Prime Rates for 1 year and 5 years on July 20, 2022. On July 21, 2022, the European Central Bank (ECB) will release its interest rate decision.
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The US Retail Sales for June 2022 will be released on July 15, 2022. On July 20, 2022, the US Existing Home Sales data for June will be released.