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A look at market performance in the week gone by;
Markets continued to remain volatile but managed to snap five week losing streak and end the week on positive note. On the sectoral front, except Nifty IT index, all other sectoral indices were in green for the week.
Here’s what the FIIs and DIIs were up to;
The markets in US continued to remaining under selling pressure and briefly entered bear market territory on Friday before managing to recover in the closing hours.
The US markets are on seven week losing streak. The S&P 500 index is now down around 19% from all time highs made in January. While Dow Jones is down 15.4% and NASDAQ around 29%.
Here’s how the major global indices fared;
Things to watch out for in the coming week
After muted listings of LIC and Prudent Corporate Advisory Services, D-Street will see listing of three listings this week. Shares of Delhivery are scheduled to list on May 24th along with Venus Pipes & Tubes. While shares of Paradeep Phosphates will be listing on May 27th.
IPO of Aether Industries, a manufacturer of speciality chemicals will open for subscription on 24th May and close on 26th May. The company aims to raise around Rs. 808 crores and has set price band at Rs. 610 - 642. You can check out more details here: Everything You Need to Know About the Aether Industries IPO
Earnings to watch out for:
23rd May | 24th May | 25th May | 26th May | 27th May | 28th May |
---|---|---|---|---|---|
Divi’s Laboratories | Adani Ports | Apollo Hospitals | AstraZeneca Pharma India | GAIL | Mahindra & Mahindra |
Birlasoft | Balrampur Chini Mills | Bata India | Berger Paints | Glenmark Pharma | ONGC |
SAIL | Bank of India | BPCL | Colgate-Palmolive | Gidrej Industries | |
Zomato | Grasom Industries | Coal India | Cummins India | India Cements | |
Ipca Laboratories | Fortis Healthcare | Hindalco | Jindal Steel & Power | ||
Metropolis Healthcare | HEG Ltd. | Muthoot Finance | JSW Steel | ||
Railtel Corporation | MOIL | NMDC | United Spirites | ||
National Aluminium | Piramal Enterprises | FSN E-Commerce Ventures | |||
NHPC | ZEEL | PB Fintech | |||
PFC | |||||
Torrent Pharma | |||||
Interglobe Aviation | |||||
Max Healthcare |
Key macroeconomic events around the world:
23rd May | 24th May | 25th May | 26th May | 27th May | |||||
---|---|---|---|---|---|---|---|---|---|
Japan | Services PMI | US | FOMC Meeting Minutes | US | GDP Estimates (Q1) | Japan | CPI Inflation (MAY) | ||
Eurozone | ECB President Lagarde Speech | Crude Oil Inventories | Jobless Claims | ||||||
Manufacturing PMI | |||||||||
Markit Composite PMI | |||||||||
Services PMI | |||||||||
US | Fed Chairman Powell Speech | ||||||||
Home Sales | |||||||||
Services PMI | |||||||||
Markit Composite PMI | |||||||||