Will Iranian drones sink Dalal Street? What investors should expect in a holiday-shortened week
==========
Investors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week. Geopolitical events, macroeconomic data, and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead. Stock markets will remain closed on Wednesday for Ram Navami. Any significant escalation in tensions between Iran and Israel could trigger panic selling and volatility in global equity markets. The movement of crude oil prices, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment. TCS reported a 9% growth in net profit at Rs 12,434 crore in the fourth quarter of FY24 due to strong domestic business. In the entire fiscal year, TCS' net profit surged 9% to Rs 45,908 crore, while the revenue went up to Rs 2,40,893 crore from Rs 2,25,458 crore a year ago. The outlook for the market will be guided by major global and domestic economic data, India's WPI inflation data and WPI manufacturing data, China GDP growth rate, US manufacturing production, and US initial jobless claims. Retail inflation declined to a five-month low of 4.85% in March. India's industrial production growth accelerated to a four-month high of 5.7% in February 2024. The Indian equities' upward march may be halted by negative news from the global front. Last week, the BSE benchmark Sensex dipped marginally by 3.32 points after a record-breaking rally.
#StockMarket #EarningsReports #GeopoliticalEvents #MacroeconomicData #Tcs #GlobalEquityMarkets #CrudeOilPrices #ChinaGdpData #UsRetailSalesFigures #UsBondYields #DollarIndex #India'sWpiInflationData #India'sWpiManufacturingData #UsManufacturingProduction #UsInitialJoblessClaims #RetailInflation #IndustrialProductionGrowth #IndianEquities #BseBenchmarkSensex
https://www.businesstoday.in/markets/stocks/story/iranian-drones-china-and-earnings-to-top-dalal-streets-mind-in-a-holiday-shortened-week-425459-2024-04-14
Business Today /
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2024-04-14 08:28:43
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npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-04-14 08:28:43Event JSON
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"content": "Will Iranian drones sink Dalal Street? What investors should expect in a holiday-shortened week\n==========\n\nInvestors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week. Geopolitical events, macroeconomic data, and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead. Stock markets will remain closed on Wednesday for Ram Navami. Any significant escalation in tensions between Iran and Israel could trigger panic selling and volatility in global equity markets. The movement of crude oil prices, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment. TCS reported a 9% growth in net profit at Rs 12,434 crore in the fourth quarter of FY24 due to strong domestic business. In the entire fiscal year, TCS' net profit surged 9% to Rs 45,908 crore, while the revenue went up to Rs 2,40,893 crore from Rs 2,25,458 crore a year ago. The outlook for the market will be guided by major global and domestic economic data, India's WPI inflation data and WPI manufacturing data, China GDP growth rate, US manufacturing production, and US initial jobless claims. Retail inflation declined to a five-month low of 4.85% in March. India's industrial production growth accelerated to a four-month high of 5.7% in February 2024. The Indian equities' upward march may be halted by negative news from the global front. Last week, the BSE benchmark Sensex dipped marginally by 3.32 points after a record-breaking rally.\n\n#StockMarket #EarningsReports #GeopoliticalEvents #MacroeconomicData #Tcs #GlobalEquityMarkets #CrudeOilPrices #ChinaGdpData #UsRetailSalesFigures #UsBondYields #DollarIndex #India'sWpiInflationData #India'sWpiManufacturingData #UsManufacturingProduction #UsInitialJoblessClaims #RetailInflation #IndustrialProductionGrowth #IndianEquities #BseBenchmarkSensex\n\nhttps://www.businesstoday.in/markets/stocks/story/iranian-drones-china-and-earnings-to-top-dalal-streets-mind-in-a-holiday-shortened-week-425459-2024-04-14",
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