From earnings, MPC minutes, FII activity to global cues, key things to track on Dalal Street this week

Domestic equity benchmarks suffered minor cuts last week amid heavy selling pressure in auto stocks while metal, FMCG and energy shares also weakened. The Sensex lost 156.6 points, or 0.2 per cent, while the Nifty50 shed 110.2 points, or 0.4 per cent, during the trading week from October 14 to October 18. The Nifty Auto—whose 15 constituents include Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Bajaj Auto, TVS Motor Company and Eicher Motors—logged a weekly loss of 4.9 per cent. On the other hand, rapid buying across financial services lent some support to the overall market, with the Nifty Bank clinching a weekly gain of 1.8 per cent. The Nifty Financial Services, Nifty Private Bank and Nifty PSU Bank indices rose 1.4 per cent, 1.3 per cent and 1.0 per cent in the five sessions.

As market participants await a new trading week, here are a few events and factors to look out for: 

DOMESTIC CUES

Market This Week | Earnings

More than 400 companies are scheduled to report their quarterly financial results during the week, including HUL, Coal India, Godrej Consumer Products, Coforge, and MGL. Read more on earnings season 

Market This Week | MPC minutes

Minutes of the October review of the RBI's Monetary Policy Committee are scheduled to be released at 5 pm on Wednesday, October 23. 

Economists will track the minutes closely for more clarity on the thought process of the panel's members in order to assess the course of interest rates in the coming reviews. 

Market This Week | Macroeconomic data

Data on private surveys on manufacturing and services in the country are due for a release at 10:30 am on Thursday.  

Market This Week | Bulls keep staring at institutional flows 

Institutional flows will continue to be in focus amid sustained selling by foreign institutional investors (FIIs).

Foreign institutional investors have pulled out a net Rs 80,218 crore in October so far while domestic institutional investors (DIIs) have made net purchases to the tune of Rs 74,176 crore, according to provisional exchange data. 

GLOBAL CUES 

• Monday: China rate decision
• Tuesday: Hong Kong inflation data, ECB President scheduled to speak
• Wednesday: US crude oil stockpiles data, Fed Beige Book release, Eurozone consumer confidence data
• Thursday: US manufacturing & services PMI data, US jobless claims data
• Friday: Hong Kong business confidence data

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