With Sensex & Nifty50 at record heights, here are key things to track on Dalal Street in holiday-truncated week

Stock Market Tomorrow: Dalal Street awaited the onset of a fresh trading week on Tuesday, June 18, following a long weekend on account of the share Eid-ul-Adha (Bakrid) market holiday on Monday. On Friday, domestic equity benchmarks Sensex and Nifty50 registered fresh record closing highs, extending gains for the third session in a row. Here are a few events and news updates due during the course of the upcoming, four-session trading week:

DOMESTIC CUES

Union Budget date

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The Centre is all set to present the Union Budget in July. Any related updates are likely to impact market movement.

Institutional fund flow

Investors will continue to track trends in FII and DII fund flows.

Last week, FIIs net bought Indian equities worth Rs 11,730.5 crore ($1,405.2 million), while DIIs were net purchasers to the tune of Rs 6,293.4 crore, according to provisional exchange data.

Crude oil

The movement of global oil benchmark Brent crude as well as currency fluctuations will remain on analysts' watchlists.

Manufacturing PMI

A private survey on domestic manufacturing and services is due for a release during the market hours on Friday.

Monsoon/temperature updates

Analysts say weather updates on rainfall and temperature in different parts of the country will also be tracked closely.

GLOBAL CUES

June 17

• China industrial production, retail sales, unemployment data
• ECB president's speech

June 18

• Fed Board of Governors member Lisa Cook to speak
• Eurozone inflation data
• US retail sales, factory output, manufacturing data

June 19

• UK inflation data
• US crude oil stockpiles data
• Japan trade data

June 20

• China rate decision
• BoE rate decision
• US jobless claims data
• US crude oil stockpiles data

June 21

• Japan inflation data
• UK retail sales data

"This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

"Domestic markets would remain closed on Monday, while globally investors would keep an eye on BoE (Bank of England) interest rate decision.

"We expect market uptrend to continue this week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

IPOs

The primary market will also remain in action as a few public offers are slated to open during the course of the week. As many as five initial public offerings (IPO) are scheduled to hit Dalal Street, including one on the mainboard and four small and medium enterprises (SMEs) this week. Here is the list of upcoming IPOs next week:

• DEE Piping Systems IPO
• Durlax Top Surface IPO
• GEM Enviro IPO Read more about IPOs this week

Corporate action

Shares of several companies, including HDFC Asset Management Company, Tata Steel, Bajaj Finance, Bajaj Finserv, L&T Finance, Dalmia Bharat, and Hindustan Petroleum Corporation Limited (HPCL) will trade ex-date this week starting June 18. Read more

With agency inputs

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