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Stock Analysis through the Week, Market tone for next week

Sensex and Nifty have maintained their upward journey this week by touching new highs. Many small cap stocks hit 52-week lows while large cap trend is remarkably seeing under solid buying.   Banking stocks were volatile through the week, as Central Bank (RBI) raised interest rates for the second consecutive time this week.

The combined factors such as rising crude oil, falling currencies and hike in Minimum Support price will be expected to continue to push inflation higher.  However, as the US Federal Reserve left the interest rates unchanged this time, there are high probabilities that it will stick to its plan to slowly lift the borrowing costs since growth in the US looks good.

Index Gainers for this week: Pharma stocks (+5%), PSU Bank (+4.7%), Energy index (+3.5%), Metals index (+2.5%), Realty index (+1%), FMCG index (+2.2%), IT index (+1%). Markets are expected to continue volatile next week, even as the last leg of the earnings season continues.

Upcoming Results: Investors would monitor the earning data announcement again from Monday. Among corporate earning-releases, the big-time corporate players are set to announce their quarterly results.

On Monday, 6 August, Adani Ports & Special Economic Zone will declare its results for April-June 2018. Auto major M&M will announce its result on Tuesday, 7 August whereas BPCL, HPCL Cipla, Lupin and Siemens will announce their results on Wednesday, 8 August. Eicher Motors Ltd and Aurobindo Pharma will declare their April-June 2018 result on Thursday, 9 August while GAIL, SBI and Hindalco will announce their result on 10 August 2018.