Dalal Street is set to have an eventful trading week from April 7 to April 11, with the RBI Governor-led Monetary Policy Committee’s first bi-monthyl review of the new financial year, the start of a new earnings season with TCS results on Thursday, and inflation and factory output data due post-market hours on Friday.
Last week, the Nifty50 gave up 614.9 points—or 2.6 per cent—to close barely above the psychologically important 22,900 mark, mainly due to a global market crash triggered by US President Donald Trump’s reciprocal tariffs on American’s trade partners.
Most sectors logged weekly losses, with the Nifty IT being the worst hit among NSE’s sectoral indices, falling 3,374.8 points—or 9.1 per cent—for the week. The Nifty Metal, Oil & Gas, Realty, Pharma and Consumer Durables indices were the next, dropping 2.5-7.5 per cent for the week.
Trump Trade Tariffs Hit Markets Hard Last Week
The fear of an all-out global trade war came to life for multitudes of market participants around the globe. China hit back hard against Trump’s tariffs, by announcing a reciprocal duty of 34 per cent on imports from the world’s largest economy.
April 7-11 Trading Week | Key Events & Factors To Watch Out for This Week
DOMESTIC CUES
All eyes will be on the MPC’s rate decision due at 10 am on Wednesday, April 9.
At its last bi-monthly review, the MPC, headed by the new RBI Governor Sanjay Malhotra, announced a reduction in the repo rate after five years. Currently, the repo rate stands at 6.25 per cent. All MPC members voted unanimously to slash the key policy rate, as widely expected.
Official data on consumer inflation and industrial production in the country is due at 4 pm on Friday.
Earnings season | TCS to report results on this date
TCS—the country’s largest software service exporter—is all set to kick off the earnings season by reporting its Q4 results on April 10.
FII & DII flows
Institutional fund flows will continue to be in focus.
Foreign institutional investors (FIIs) have net sold Indian shares to the tune of Rs 13,730.5 crore so far this month, though domestic institutional investors (DIIs) have made net purchases of Rs 5,632.6 crore, according to provisional exchange data.
GLOBAL CUES
Here are a few important international events to track during the course of the week:
- Monday: Germany trade data, Eurozone retail sales data
- Tuesday: France trade data
- Wednesday: FOMC minutes, US crude oil stockpiles data
- Thursday: China inflation data, US inflation data, US jobless claims data
- Friday: Germany inflation data, UK factory output data
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