Quarterly earnings from blue chips such as Hindustan Unilever and Kotak Mahindra Bank, inflation data, trend in crude oil prices and global cues will be key determinants for the stock market movement this week, say experts.
Continuing their selling spree, foreign investors have pulled out nearly Rs 1,200 crore from the debt markets in the first two weeks of the month on higher fuel prices and possibilities of rate hike by the US Federal Reserve.
NSE Nifty snapped its 5-day winning rally to close marginally down by 4.30 points today due to late profit booking in media, PSU banks, realty, FMCG, parma and metal counters despite higher global cues.
The dollar rose on Friday to a two-week peak against a basket of currencies after data showing a record Chinese trade surplus, which may add fuel to U.S.-China trade tensions, spurring more investors to pile into the safety of the greenback.
The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.
The Nifty 50 index rallied by 74.90 points to close at 11,023.20 today on buying in energy, banking, finance service and infra sectors.
Sensex defied gravity for the fifth straight session to close at a fresh lifetime high today as investors poured money into energy and financial shares amid a robust start to the earnings season.
The BSE Sensex vaulted over 282 points to end at a record high of 36,548.41 today on robust buying in energy, oil and gas and banking stocks.
The Nifty 50 index ended flat at 10,948.30 today as fresh US tariff threats on Chinese goods dragged metal, banking, auto, infra and pharma sectors lower, offsetting gains in IT, energy and FMCG counters.
Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm