Live
- VIP Treatment: Exclusive Benefits for High Rollers in Online Casino
- LS polls: Union Minister Bhagwanth Khuba, Dingaleshwara seer, Priyanka Jarkiholi file nominations in K'taka
- Amid show of strength, Congress’ Praniti Shinde files nomination from Solapur
- Tamil Nadu Police gives clean report to Isha Foundation in missing volunteers case
- Home Minister Amit Shah to address public meeting in Goa on April 24
- Gurgaon Open: M Dharma fires 67 for two-shot lead on penultimate day
- Sharad Pawar made many attempts to finish Shiv Sena, claims Maha minister
- Former England opener Raman Subba Row dies aged 92
- IPL 2024: Impact player rule is affecting the progress of half all-rounders, says Zaheer Khan
- ‘Teppa samudram’ review: Entertains with twists and turns
June Quarter Earnings To Steer Markets, Say Experts
Quarterly earnings from blue chips like Reliance Industries and Wipro will set the tone for the stock market in the week starting July 17, while the monsoon session of Parliament beginning on Monday will also be in focus, say experts. \"This week is likely to be driven by the earnings calendar,\" said Abnish Kumar Sudhanshu, director and research head at Amrapali Aadya Trading and Investments. Stock
Quarterly earnings from blue chips like Reliance Industries and Wipro will set the tone for the stock market in the week starting July 17, while the monsoon session of Parliament beginning on Monday will also be in focus, say experts. "This week is likely to be driven by the earnings calendar," said Abnish Kumar Sudhanshu, director and research head at Amrapali Aadya Trading and Investments. Stock specific movement will be seen with the start of the earnings season, experts said.
"In absence of any key economic data release, focus will shift to upcoming monsoon session of Parliament and ongoing earnings season where heavyweights like Reliance Industries, Bajaj Auto, ACC, Ultratech Cement, Wipro and Kotak Mahindra Bank are scheduled to release their quarterly earnings," said Vijay Singhania, founder-director of Trade Smart Online.
The monsoon session of Parliament starts from July 17, which is also the scheduled date for the Presidential election.
"Stocks are expected to turn volatile just before and after the results," said Jimeet Modi, CEO, SAMCO Securities.
Markets took a breather on Friday after four back to back record-setting sessions. On a weekly basis, both key indices Sensex and Nifty rose significantly by 660.12 points, or 2.10 per cent, and 220.55 points, or 2.28 per cent, respectively.
"Monsoon progress until now has been above normal despite some softening recently, which augurs well for many rural-oriented businesses."
"Consumer inflation declining further opens room for a possible interest rate cut. These factors should aid support to market going forward," said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
