This week, stock market investors will keep an eye on the September quarter results of big companies like Reliance Industries, Infosys and HDFC Bank, along with Hyundai’s mega IPO, US retail sale, ECB interest rates, China’s third quarter GDP and oil. Will focus on prices. This week, companies included in Nifty 50 will release their quarterly results scorecard.
These include Reliance Industries, Infosys, HDFC Bank, Kotak Mahindra Bank, HCL Technologies, Tech Mahindra, Nestle India, Wipro, HDFC Life Insurance Company, Bajaj Auto, Axis Bank, LTIMindTree, and Tata Consumer Products. Overall, they have more than 38 percent weightage in Nifty.
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Results of these companies will also come
This week PVR Inox, Aditya Birla Money, L&T Technology Services, Mphasis, CEAT, Central Bank of India, HDFC Asset Management Company, Jio Financial Services, L&T Finance, Angel One, Sterling & Wilson Renewable Energy, Bank of Maharashtra, Havells India, Indian Overseas Bank, Jindal Stainless, Polycab India, Tata Chemicals, Tata Communications, ICICI Lombard General Insurance Company, Jindal Saw, L&T Finance, Oberoi Realty, Zee Entertainment Enterprises, MCX India and RBL Bank will also announce results.
cpi inflation
Investors will also keep an eye on economic data. The market’s focus will be on the September CPI and WPI inflation data to be released today i.e. 14th October. CPI inflation rose slightly to 3.65 per cent in August from 3.6 per cent in the previous month, while wholesale inflation declined to a four-month low of 1.31 per cent in August compared to 2.04 per cent in July.
Oil prices will also show effect
Brent crude futures, the international benchmark for oil prices, fell 1.27 percent for the week to $79.04 a barrel, after rising 9.1 percent last week. Prices were below the 50 and 200-day EMAs (exponential moving averages), but above the short-term moving averages (10 and 20-day EMAs).
