Dalal Street Week Ahead: Marco data, fund flows, global cues set to influence market
Share Market This Week: Domestic equity benchmarks Nifty 50 and Sensex settled at six-week closing peaks last week, each loggeing their biggest weekly gain in four years. As the focus shifts to a new trading week on Dalal Street, here are a few domestic and global facors and events that may have a bearing on the market in the coming trading week.
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Key Factors & Events to Watch on Dalal Street This Week: Domestic equity benchmarks Nifty 50 and Sensex clinched six-week closing highs on Friday, clinching their biggest weekly gains in more than four years. In the coming trading week, from March 24 to 28, institutional fund flows and global cues are set to take centrestage on Dalal Street in the absence of domestic cues, except manufacturing and services PMI readings due during Monday's market hours.
Here's a list of key data points and events to track on Dalal Street in the coming week:
DOMESTIC
Manufacturing & Services Data
Private PMI readings on domestic manufacturing and services activity are due at 10:30 am on Monday.
Corporate Action
- Monday: Bodhi Tree Multimedia ex-rights, Enbee Trade & Finance ex-bonus
- Tuesday: Ksolves India and Mishra Dhatu Nigam ex-dividend
- Wednesday: REC and TVS Motor India ex-dividend, Dhanalaxmi Roto Spinners ex-bonus
- Thursday: Authum Investment & Infrastructure, Bombay Burmah Trading, Naperol Investments and Sundaram Clayton ex-dividend
- Friday: Kama Holdings, Samvardhana Motherson International and Motherson Sumi Wiring India ex-dividend, KBC Global ex-bonus
Institutional Fund Flows Data
All eyes will be on foreign institutional investors' investment trends, with their inflows recorded at Rs 5,819.1 crore last week while domestic institutional investors (DIIs) made net purchases of Rs 4,337.8 crore, according to provisional exchange data.
FIIs have net offloaded Indian shares to the tune of Rs 15,412 crore so far in March, while DIIs have made net purchases amounting to Rs 30,788 crore.
GLOBAL
A few Fed officials are scheduled to speak during the course of the week.
- Monday: Japan, Eurozone manufacturing & services PMI data sets
- Tuesday: Hong Kong trade data, US home sales data, Germany business environment data
- Wednesday: US crude oil stockpiles data, US inflation data, France consumer confidence data
- Thursday: US GDP data, US jobless claims data
- Friday: Japan inflation data, UK GDP & retail sales data, Eurozone consumer confidence data
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