Stock markets next week: From HDFC Bank, HCL, Nestle India’s fourth quarter results to price adjustment in Jubilant Foodworks – 10 triggers that could impact the move

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Equity markets next week: Indian markets are likely to be hit by multiple triggers when they reopen on Monday after a four-day gap. Markets remained closed on Thursday and Friday due to Ambedkar Jayanti and Good Friday respectively.

1) April 16 – Saturday – Index heavyweight and India’s largest private lender HDFC Bank will announce its Q4FY22 results. The bank will also consider raising Rs 50,000 cr via bonds.

2) ICICI Prudential will also announce its March quarter results.

3) April 18 – Monday – Mindtree Limited will also report Q4FY22 results that day after market hours.

4) The currency market will also open at 9 am on this day. Dow Futures Monday.

5) Investors should keep an eye on Jubilant Foodworks in which a price adjustment should occur between the closing price and the F&O price.

Other triggers

6) FII/DII numbers: Foreign Institutional Investors (IFIs) were net sellers on the last trading day (April 13) of the week. The shares sold worth Rs 2061.04 cr. Meanwhile, domestic institutional investors were net buyers that day and bought shares worth Rs 1410.85 cr.

7) April 19 – Tuesday – ACC Ltd and Larsen Toubro Infotech Limited will announce the results that day.

8) April 20 – Wednesday – India Bank Merchant Banking Services Limited and Tata Elxsi will announce their Q4FY22 results on the day.

9) April 21 – Thursday – HCL Technologies Limited, Nestle India Limited, Crisil Limited and Cyient Limited will announce their March quarter results.

ten) April 22 – Friday – Hindustan Zinc Limited and MMTC Limited will also announce their quarterly results.

Indian markets ended the week negatively on Wednesday. The BSE Sensex stood at 58,338.93, down 237 points or 0.4%, while the Nifty50 ended at 17,475.65, down 0.3% or 54 points. Bank Nifty fell 284 points to end at 37,463.40.

Also read: Stock markets Monday: Anil Singhvi gives his strategy; suggests crucial levels for Nifty, Bank Nifty

Indian markets extended the decline for the third straight session on Wednesday as HDFC twins – HDFC and HDFC Bank led the market the most along with auto stocks. The BSE Sensex slipped more than 237 points while Nifty50 settled above the 17450 mark at the close, falling 54 points or 0.3%.

Contributions from Kushal Gupta of Zee Business

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