The upcoming week’s market sentiment will be shaped by a mix of key domestic and global events.

Indian markets will see the earnings season ramping up along with the release of key economic data to be closely monitored on Friday include India’s federal fiscal deficit data for December, bank loan growth, deposit growth, foreign exchange reserves (specifically in dollars), the RBI’s monetary and credit information review, and infrastructure output data for December (year-on-year). Which is expected to gauge price and currency stability.

After an active session of listing and maiden issues closing in the previous week, activities in the primary market will be just as active in the upcoming five days with two new issues opening and eight listings.

On the global front,the US will release key economic data including ‘New Home Sales’ from the Census Bureau on Monday, followed by durable goods orders and consumer confidence data on Tuesday.

Wednesday will be packed with crucial events such as crude oil inventories data, the Federal Open Market Committee (FOMC) conference, and the FOMC monetary policy statement, along with the Federal Reserve’s interest rate decision.

On Thursday, the US Bureau of Economic Analysis will release the fourth-quarter GDP data, along with initial jobless claims.

Friday will see the release of the core Personal Consumption Expenditure (PCE) price index for December (year-on-year).

Meanwhile, China’s markets will be closed from Tuesday to Thursday for Chinese New Year.

Some of the key companies that have some announcements lined up include Wipro Ltd. for the issuance of an interim dividend for Rs. 6 and Bharat Petroleum Co Ltd. for the issuance of an interim dividend for Rs. 5.

Markets This Week

The Indian benchmark indices extended their losses to the third consecutive week as earnings woes continue to hurt investor sentiments. The key gauges snapped their two-day gains on Friday, weighed by a fall in heavyweights HDFC Bank Ltd. and Reliance Industries Ltd.

The S&P BSE Sensex closed 329.92 points or 0.43% down at 76,190.46, while the NSE Nifty 50 was 113.15 points or 0.49% lower at 23,092.20. During the day, the Nifty fell 0.67% to 23,050, and the Sensex declined 0.56% to 76,091.7.

The Indian rupee strengthened 26 paise to close at 86.21 against the greenback. Global funds continued to be net cash sellers to the tune of Rs 61,094 crore, to date this month, according to National Securities Depository Ltd.

Most Asian stocks advanced on Friday on US President Donald Trump’s push for interest-rate cuts and a potentially softer approach toward tariffs on China. The yen strengthened, while Japanese stocks rose after the central bank raised interest rates to the highest level in 17 years. Trump said in an interview with Fox News that he would rather not have to use tariffs against Beijing. 

The Nifty Realty fell for the 4th week in a row to end the five sessions lower by 9.12%. This was followed by losses in Energy and Oil & Gas stocks. Nifty realty recorded worst week in 10 months, while Nifty Bank declined for the fourth week in a row. Nifty Pharma and Nifty Auto fell for the third week in a row

Domestic Cues And Q3 Earnings

India’s federal fiscal deficit data for December, bank loan growth, deposit growth, foreign exchange reserves data for the dollar, RBI monetary and credit information review, infrastructure output data for December (year-on-year) will be the key economic data that will be closely watched on Friday.

Several prominent companies are set to release their earnings this week, providing key insights into the performance of various sectors. The lineup includes LIC Housing Finance Ltd., Inox Wind Ltd., Waaree Energies Ltd., 360 One Wam Ltd. and Larsen & Toubro Ltd.

Global Cues 

Monday will see the release of ‘New Home Sales’ data from the US census bureau. This measures the annualised number of new single-family homes that were sold. On Tuesday, the bureaue will release data on durable goods orders for the month of December (month-on-month). The data gauges the change in the total value of new orders for long lasting manufactured goods, including transportation items. The US conference board will also release consumer confidence data on the same day for the month of January.

Wednesday will be packed with various key events instrumental to shedding light on the condition of the US markets. These include, the release of crude oil inventories data, the federal open market committee conference and the FOMC statement on monetary policy from the Federal Reserve, the fed interest rate decision.

On Thursday, the US bureau of economic analysis will release the gross domestic product data for the fourth quarter. Initial jobless claims data will also be releasing on that day.

Friday will witness the core personal consumption expenditure which  measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. The core PCE price index for December (year-on-year) will also be releasing.

China’s markets will be closed due to Chinese New Year from Tuesday to Thursday.

Primary Market Action

India’s primary market is set to gain more momentum going into the week starting Jan. 27, with two new issues, four closing and six listing.

Among the new public issues, the maiden offering of Dr Agarwal’s Health Care Ltd. will be the only one in the mainboard segment. The IPO will open at a price band of Rs 382 to 402 per share with a face value of Rs 1 each.

The eyecare services provider will open for bidding on Jan. 29 and close on Jan. 31. The company plans to raise Rs 3,027.26 crore through the offering.

This includes a fresh issue of shares worth Rs 300 crore and an offer for sale by the promoter and other selling shareholders amounting to Rs 2,727.26 crore.

On the listings front, seven companies will debut on the national bourses in the upcoming week.

Denta Water and Infra Solutions Ltd.’s Rs 220.5-crore initial public offering has been subscribed 221.68 times on its third and final day of bidding on Friday, led by solid demand from non-institutional investors. Shares of Dr Agarwal Healthcare Ltd. will debut on Wednesday, and close on Friday.

In the SME space, H.M. Electro Mech Ltd. will be listed on BSE Ltd. on Friday after the issue was subscribed 4.86 times on its first day, led by retail investors.

Corporate Action

Some of the key companies have some announcements lined up for the week ahead. Shares of Wipro Ltd., Bharat Petroleum Corporation Ltd., Coforge Ltd. and Torrent Pharmaceuticals Ltd. will turn ex-date for the issue of interim dividends. Seimens Ltd. will be announcing its dividend. Meanwhile, shares of Senco Gold Ltd. will turn ex-date for its stock split.

The table below shows the full list of corporate actions for the upcoming week.

. Read more on Business by NDTV Profit.Trading activities in the primary market will be just as active in the upcoming five days with two new issues opening and eight listings.  Read MoreBusiness, World, Notifications, Markets 

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