MAGIC NIFTY FUTURE IS 6075.
MAGIC BANK NIFTY FUTURE IS 10284.
Final batch of Q3 results, macroeconomic data in focus
Corporate Earnings, Macroeconomic Data, Trend in Investment by Foreign Institutional Investors, Trend in Global Markets, Trend in other Global Emerging Markets and The Movement of Rupee against the Dollar will Dictate the near term movement on the domestic bourses.
As per the results calendar, Tata Motors, Jaiprakash Associates and NMDC are set to announce Q3 December 2013 results on Monday, 10 February 2014. Hindalco Industries' US subsidiary Novelis Inc. will report its Q3 December 2013 results on Monday, 10 February 2014. Tata Steel and Dr Reddys Laboratories will unveil Q3 results on Tuesday, 11 February 2014. Cipla, Coal India and Bharat Petroleum Corporation will unveil Q3 results on Wednesday, 12 February 2014. ONGC, Sun Pharmaceutical Industries and Hindalco Industries will unveil Q3 results on Thursday, 13 February 2014. State Bank of India, DLF and Mahindra & Mahindra will unveil Q3 results on Friday, 14 February 2014.
Engineers India will be in focus as the follow-on public offer (FPO) of the company's shares concludes on Monday, 10 February 2014. After the successful completion of the FPO, the government holding in the company would fall to 70.4%. The government's stake in the company stood at 80.4% as on 31 December 2013.
Indian stocks will on Monday, 10 February 2014, react to the advance estimate of GDP for 2013-14 which will be announced by the government after trading hours on Friday, 7 February 2014. The GDP grew 4.6% annually in the first half of the current fiscal year, down from 5.3% in the corresponding period a year ago. Growth slowed in almost all sectors, including services such as tourism, transport and telecoms.
On 31 January 2014, the Statistics Ministry revised down GDP growth for the previous fiscal year to 4.5%, from an earlier estimate of 5%. The government will unveil data on inflation based on the combined consumer price index (CPI) for urban and rural India for the month of January 2014 on Wednesday, 12 February 2014. The CPI inflation slowed to 9.87% in December 2013, from 11.16% in November 2013.
The government will unveil data on inflation based on the wholesale price index (WPI) for the month of January 2014 on Friday, 14 February 2014. The WPI inflation eased to 6.16% in December 2013, from 7.52% in November 2013.
Data on industrial production for December 2013 will be out on Wednesday, 12 February 2014. Industrial output declined 2.1% in November 2013, recording decline for second consecutive month after 1.6% dip in October 2013.
The Reserve Bank of India next undertakes monetary policy review on 1 April 2014. Sighting elevated consumer price inflation, the Reserve Bank of India raised its key lending rates by 25 basis points after Third Quarter Review of Monetary Policy for 2013-14 on 28 January 2014.
Finance Minister P Chidambaram will present the Vote-on-Account or interim budget on 17 February 2014. The objective of a Vote-on-Account is to get Parliament's nod for expenditure to be incurred in the months prior to elections. The next full-fledged budget will be presented by the new government which comes to power after the Lok Sabha polls in April-May 2014.
Asian markets will on Monday, 10 February 2014, react to the influential US non farm payroll data for January 2014 which will be out on Friday, 7 February 2014.
The Federal Open Market Committee (FOMC) on 29 January 2014 announced it will reduce monthly bond purchases by another $10 billion to $65 billion. The Fed also signaled that it is likely to keep reducing bond purchases in the coming months, citing a pickup in US economic activity and improvement in the US labor market. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets in last few years. The FOMC next undertakes monetary policy review on 18-19 March 2014.
As per the results calendar, Tata Motors, Jaiprakash Associates and NMDC are set to announce Q3 December 2013 results on Monday, 10 February 2014. Hindalco Industries' US subsidiary Novelis Inc. will report its Q3 December 2013 results on Monday, 10 February 2014. Tata Steel and Dr Reddys Laboratories will unveil Q3 results on Tuesday, 11 February 2014. Cipla, Coal India and Bharat Petroleum Corporation will unveil Q3 results on Wednesday, 12 February 2014. ONGC, Sun Pharmaceutical Industries and Hindalco Industries will unveil Q3 results on Thursday, 13 February 2014. State Bank of India, DLF and Mahindra & Mahindra will unveil Q3 results on Friday, 14 February 2014.
Engineers India will be in focus as the follow-on public offer (FPO) of the company's shares concludes on Monday, 10 February 2014. After the successful completion of the FPO, the government holding in the company would fall to 70.4%. The government's stake in the company stood at 80.4% as on 31 December 2013.
Indian stocks will on Monday, 10 February 2014, react to the advance estimate of GDP for 2013-14 which will be announced by the government after trading hours on Friday, 7 February 2014. The GDP grew 4.6% annually in the first half of the current fiscal year, down from 5.3% in the corresponding period a year ago. Growth slowed in almost all sectors, including services such as tourism, transport and telecoms.
On 31 January 2014, the Statistics Ministry revised down GDP growth for the previous fiscal year to 4.5%, from an earlier estimate of 5%. The government will unveil data on inflation based on the combined consumer price index (CPI) for urban and rural India for the month of January 2014 on Wednesday, 12 February 2014. The CPI inflation slowed to 9.87% in December 2013, from 11.16% in November 2013.
The government will unveil data on inflation based on the wholesale price index (WPI) for the month of January 2014 on Friday, 14 February 2014. The WPI inflation eased to 6.16% in December 2013, from 7.52% in November 2013.
Data on industrial production for December 2013 will be out on Wednesday, 12 February 2014. Industrial output declined 2.1% in November 2013, recording decline for second consecutive month after 1.6% dip in October 2013.
The Reserve Bank of India next undertakes monetary policy review on 1 April 2014. Sighting elevated consumer price inflation, the Reserve Bank of India raised its key lending rates by 25 basis points after Third Quarter Review of Monetary Policy for 2013-14 on 28 January 2014.
Finance Minister P Chidambaram will present the Vote-on-Account or interim budget on 17 February 2014. The objective of a Vote-on-Account is to get Parliament's nod for expenditure to be incurred in the months prior to elections. The next full-fledged budget will be presented by the new government which comes to power after the Lok Sabha polls in April-May 2014.
Asian markets will on Monday, 10 February 2014, react to the influential US non farm payroll data for January 2014 which will be out on Friday, 7 February 2014.
The Federal Open Market Committee (FOMC) on 29 January 2014 announced it will reduce monthly bond purchases by another $10 billion to $65 billion. The Fed also signaled that it is likely to keep reducing bond purchases in the coming months, citing a pickup in US economic activity and improvement in the US labor market. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets in last few years. The FOMC next undertakes monetary policy review on 18-19 March 2014.
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