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Weekly Outlook Q1 results, RBI policy to dictate trend Finance Articles | July 29, 2013 Investors will keenly watch the next batch of Q1 June 2013 results and outcome of the Reserve bank of India's monetary policy review next week.
Outcomes of key policy meetings of the US Federal Reserve, the European Central Bank and the Bank of England next week will also determine near term trend on the domestic bourses. Prime Minister Dr. Manmohan Singh will meet the captains of Indian industry on Monday air max 90 ultra flyknit ingrosso , 29 July 2013, to review steps to revive the economy.
In the US market, the Federal Open Market Committee (FOMC) is scheduled to meet on Tuesday (30 July 2013) and Wednesday (31 July 2013), after which it will release a statement on central bank policy. Among other global cues air max 90 ultra 2.0 ingrosso , the European Central Bank (ECB) and the Bank of England (BoE) will announce their policy decisions on Thursday, 1 August 2013.
Market tumbles on RBI measures
The market declined last week as investors sold shares after the central bank took additional steps to tighten liquidity to shore up the rupee. The market fell in three out of five trading sessions. Trading was volatile, with the S&P BSE Sensex rising to a 2-12 year high on Tuesday (23 July 2013), but slumping to lowest levels in more than two weeks on Friday (26 July 2013).
The 30-share S&P BSE Sensex fell 401.66 points or 1.99% to 19 air max 90 ultra ingrosso ,748.19. The 50-unit CNX Nifty fell 143 points or 2.37% to 5,886.20.
The S&P BSE Mid-Cap index fell 3.57% and the S&P BSE Small-Cap index fell 3.33%. Both these indices underperformed the Sensex.
Foreign institutional investors (FIIs) sold shares worth net Rs 6156.90 crore in July 2013 so far (till 24 July 2013). FIIs have purchased shares worth a net Rs 66021.40 crore in 2013 so far (till 24 July 2013).
Highlights of the Week
1)??? Lanco Infratech heading for Rs 9,000-cr CDR
2)??? Wipro Q1 disappoints Street
3)??? DLF in talks with PEs to sell Aman Resorts
4)??? ITC aims Rs 1-lakh-cr turnover from new FMCG biz by '25
5)??? We will not deviate from volume growth: Nitin Paranjpe
6)??? On proof of wrongdoing, GM may have to halt production
7)??? Etihad modifies agreement ahead of FIPB meeting
8)??? Manasa to help Ghana set up agri enterprises
9)??? Vivimed says steep fall in share price unwarranted
10)??? Lanco Hills free to sell properties
11)??? AP relaxes ban on bulk drug units' expansion
12)??? Witco (India) bets big on e-commerce
13)??? New techs to drive patent filings in India
14)??? Luxury brand Avirate to expand presence in India
15)??? One-third of state's power capacity remains idle: Patel
16)??? Anil Ltd workers get relief from Gujarat HC
17)??? Ind-Barath to commission 350 Mw unit by Nov
18)??? Subrat Ratho new MD of Jindal Synfuels
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