Results, Parliament Session Key Tiggers For Markets Next Week

Business

oi-Sunil

By Sunil Fernandes

Published: Saturday, July 18, 2015, 9:02 [IST]

It was a good week for the Sensex which rallied after worries over a Greece exit from the Eurozone subsided.

The Sensex was up 3 per cent for the week. IT stocks in particular had a good week with Infosys and TCS contributing a good measure to gains in the Sensex.

Markets next week may see volatility given that the results may see some major biggies including the likes of HDFC Bank, Infosys , Hindustan Unilever, Axis Bank, Wipro announce their results.

Individual stocks would not only move, but would also drive the indices since stocks like HDFC Bank and Infosys are index heavy stocks.

While HDFC Bank has no reason to surprise, Infosys always tends to do so. The last time the results were a huge disappointment on account of cross currency headwinds, analysts are expecting more of a stable quarter this time.

The monsoon session of parliament would be another trigger that the markets would watch out for. Most analysts are expecting the same to be a washout, without major legislation like GST and the Land Acquisition Bill being passed.

If that happens expect the markets to see some mild reaction. Apart from this developments on the monsoon front are also expected to be a trigger for the markets. So far the month of July has been poor in terms of monsoon outlook. What happens further would be keenly watched.

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