Equity markets next week: Indian equity markets ended in the red on Friday, after a two-day winning streak and being weighed down by heavy profit bookings. The BSE Sensex ended at 57197.15, correcting over 700 points or nearly 1.2%, while the 50-stock Nifty50 index settled at 17171.95, down 227 points or near by 1.3%.
Markets will reopen on Monday and there will be significant triggers that could impact the move. Zee Business Senior Research Analyst Kushal Gupta brings a list of triggers. He said the coming week will be important from an earnings perspective as many Nifty and Futures & Option (F&O) companies will report their quarterly results.
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He listed the triggers for the next week:
April 25 – Monday – Options trading will start in Gold Mini on MCX.
Investors should also keep an eye on AU Small Finance Bank. The company’s boards of directors will meet to review the financial results, the dividend.
Uma Exports will come out of T2T while Tata Sons AGM is also scheduled for that day.
Ex-date for Rs 20 per share interim dividend of Muthoot Finance.
April 26 – Tuesday – Bajaj Finance and HDFC Life will report their March quarter results. In the F&O Atul segment, Nippon Life March quarter results.
The Campus Footwear IPO opened that day. The price range is Rs 278-292.
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April 27 – Wednesday – F&O – HDFC Asset, India Energy Exchange Fourth Quarter 2022 Results. Bajaj Auto and Hindustan Unilever will also announce their quarterly results. Persistent Systems, Syngene international and Trent also announce their quarterly results.
The Rainbow Childrens IPO will also be launched on this day. The price range is Rs 516-542.
FDC: The redemption worth Rs 137.5 cr ends today.
ABB India final dividend ex-date.
April 28 – Thursday – Q4 FY22 results of Axis Bank, Bajaj Finserv and SBI Life will announce their quarterly results. In the F&O segment, Ambuja Cement, Biocon, Coramandel International and India Mart will announce their March quarter results.
Bank of Maharashtra board meeting to raise funds.
HCL Technologies – Exdate for the interim dividend of Rs 18. Rs 12.50 ex-date dividend for KSB and Rs 2 ex-date dividend for Man Industries.
April 29 – Friday – Q4 2022 results for Indusind Bank, Maruti Suzuki and Ultratech Cement.
Japanese markets will remain closed that day.
CPI figures from Europe and China Manufacturing PMI figures to be released today