In the passing week, the major indices remained in
jubilant mood and hit record highs after low inflation that opened opportunity
for the Reserve Bank of India to cut the benchmark interest rate in its next policy
Market-participants for the next week would continue
to track monsoon updates, as Indian Meteorological Department (IMD) has issued
a warning of heavy rainfall in the mid and lower hills of Himachal Pradesh.
Meanwhile, investors would also trace momentum of FII investment and rupee.
On economy front, in the coming week, investors will
be eyeing the Consumer price index (Agricultural Laborers / Rural
Laborers) data, which is slated to be released on July 20, 2017.
In the ongoing result seasons, biggies, like ACC, ANG
Industries, Jubilant FoodWorks, Prakash Industries, Artson Engineering, Bharat
Seats, CRISIL, HIL, Jay Bharat Maruti, Jubilant Life Sciences, Network18 Media
& Investments, Sundaram Finance, Tv18 Broadcast, Ultratech Cement, Bajaj
Finserv, Canara Bank, Havells India, Jubilant Industries, Mastek, Mindtree,
MPS, ABB India, Alembic Pharmaceuticals, Bajaj Auto, Bajaj Holdings &
Investment, Force Motors, Hindustan Zinc, Kansai Nerolac Paints, Kotak Mahindra
Bank, NIIT Technologies, Rallis India, RBL Bank, Wipro, Zensar Technologies,
Ashok Leyland, Atul, Dewan Housing Finance Corporation (DHFL), Indian Bank,
Persistent Systems among others would report their earnings for June quarter.
On the global front, traders will be eyeing important
macro data from US, starting from Empire State Manufacturing Survey on July 17,
followed by Import and Export Prices, Housing Market Index and Treasury
International Capital on July 18, Housing Starts on July 19, Jobless Claims,
Philadelphia Fed Business Outlook Survey, Leading Indicators, Fed Balance Sheet
and Money Supply on July 20 and finally Baker-Hughes Rig Count on July 20.