5 Factors that Will Determine Market Movement in 4-Day Week

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5 Factors that Will Determine Market Movement in 4-Day Week

By Aditya Raghunath

Investing.com -- This week has a holiday on Wednesday due to Bakri-Eid. There are no major macro-economic announcements coming out this week but there are a slew of other factors that will drive markets:

  1. Earnings reports: Markets will first react to HDFC Bank Ltd (NS: HDBK )’s Q1 FY22 earnings on Monday. Apart from this, a host of companies like Reliance Industries Ltd (NS: RELI ), ACC Ltd (NS: ACC ), Asian Paints Ltd. (NS: ASPN ), Bajaj Finance Ltd (NS: BJFN ), Bajaj Auto Ltd (NS: BAJA ), HCL Technologies Ltd (NS: HCLT ), HDFC Life Insurance Company Ltd (NS: HDFL ), ICICI Prudential (LON: PRU ) Life Insurance Company Ltd (NS: ICIR ), Hindustan Unilever Ltd. (NS: HLL ), UltraTech Cement Ltd (NS: ULTC ), Ambuja Cements Ltd. (NS: ABUJ ) and JSW Steel Ltd (NS: JSTL ), are scheduled to release earnings this week.
  2. COVID cases: India’s COVID cases are still hovering around the 40,000 mark a day. If vaccination rates are high, the economy will open up a little more. If not, there is every likelihood that the number of cases might shoot up again.
  3. IPOs: GR Infraprojects and Clean Science are scheduled to make their debuts on Monday. Tatva Chintan Pharma Chemicals has seen a resounding response to its IPO on day one and will remain open for two more days this week. This week will also see Zomato’s IPO allocation.
  4. FIIs: Nifty and the BSE Sensex might have hit new heights last week but foreign institutional investors (FIIs) continue to be net sellers. The last three days saw them sell a net of Rs 2,035.02 crores taking their total net sales in July to Rs 6,923.61 crore.
  5. Global cues: Earnings season kicks off in the US and Europe as well. There are no major reports expected from there but any volatility from those markets and Asia will impact India too.

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