Week ahead: Inflation data, quarterly results to weigh on Sensex, Nifty
- The market will stay closed for Muharram on August 9, 2022
- India's CPI inflation for July and industrial output for June will be released on August 12
- China and US will release their July inflation data on August 10
The market rose 1.4% for the third week in a row, ending August 5, amid turbulence and rangebound movement due to a rate rise by the RBI and growing geopolitical tensions between China and the US over Taiwan.
The market will initially pay attention to earnings reports from SBI, HPCL, and BPCL. On August 9, the market will stay closed for Muharram.
Adani Ports & Special Economic Zone, Bharti Airtel, and Power Grid Corporation of India will release their quarterly results on August 8, 2022. On August 10, 2022, Coal India, Eicher Motors, and Hindalco Industries will release their quarterly results. Aurobindo Pharma and Bata India will release their quarterly results on August 11, 2022.
On August 12, 2022, Grasim Industries, Hero MotoCorp, Life Insurance Corporation of India, Oil & Natural Gas Corporation, Power Finance Corporation, and Zee Entertainment Enterprises will release their quarterly results.
On the macroeconomic front, the June Industrial Production and Manufacturing Production and July inflation rate in India will be announced on August 12, 2022.
The figures for bank loan & deposit growth for the week ended July 29 and foreign exchange reserves for the week ending August 5 will also be provided on Friday.
Syrma SGS Technology, a Chennai-based engineering and design firm, will open its initial public offering for subscription on August 12 and conclude on August 18.
The offer consists of a new issue of Rs 766 crore and the promoter's offer for sale of 33.69 lakh equity shares. The company will disclose the pricing range for the offer on Monday, August 8.
Overseas, China will release the July inflation rate on August 10, 2022. The United States will disclose the inflation rate for July on August 10, 2022.