Weekly Market Wrap, Week Ahead Stocks

Market This Week: Benchmark indices were excited this week as it touched new highs on earning optimism, in spite negative global concerns regarding tariff wars. Key indices advanced for the third straight week, supported by corporate earnings amidst rising global geopolitical risks. For the week, the Sensex Index gained 0.8 percent and the NSE Nifty50 Index rose 0.6% through the week.

Result Buzz: Among high optimistic results this week, PNC Infratech Ltd profit rose 243.94%, while AU Small Finance rose 24%, Future Lifestyle rose 20% and Bharat Forge grew 33%.

Week Ahead: More than 200 companies declare their April-June results on Saturday, 11 August 2018. These include Coal India, Indian Oil Corporation (IOC) Mangalore Refinery and Petrochemicals, NBCC Limited, Kirloskar, KSK Energy, VRL Logistics, VST Tillers,  Adani Green, IL&FS Engineering Amara Raja, Capital Trust, Dalmia Bharat, Finolex, Godfrey Phillips, India Cements, will declare its results on Sunday.

Oil India will declare its result on Monday 13 August, while Indiabulls Real Estate will declare its Q1 result on Tuesday, 14 August.

Apart from that, inflation based CPI, WPI and the trade data for the month of July will be announced in the next week. Besides, currency and crude oil price movements will also be closely watched for cues.

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