After two successive weeks Index rally, the share benchmarks seemed to have taken a respite as Sensex and Nifty ended almost unchanged in the week gone by. Falling rupee sentiments, weak global signals and the no-confidence motion in the parliament session knocked the sentiment of investors.
Looking ahead the coming week, trading is expected to be volatile on account of the Future and Option (F&O) July 2018 contracts expires on 26 July 2018.
Earning result announcements continue in the coming week as HDFC Bank will announce its earning numbers today, 21 July 2018, while ACC Limited will declare its earnings result on Monday, 23 July 2018.
Asian Paints Limited will announce its earnings on Tuesday, 24 July 2018, while Hero MotoCorp, Ambuja Cements and Larsen and Toubro (L&T) will announce their numbers on Wednesday, 25 July 2018.
Dr Reddys, Bharti Airtel, ITC, Maruti Suzuki India and Yes Bank are lined up for their results on Thursday, 26 July 2018 whereas HCL Tech and ICICI Bank declare their result on Friday, 27 July 2018.
The IPO of HDFC AMC with its fixed price band of Rs 1,095 – Rs 1,100 per share, will open on 25 July 2018 and close on 27 July 2018.