Stock Market Next Week: 5 Major Factors Investors Should Watch Out

The Sensex ended the week at 52925.04, up 226.04 points, or 0.43 percent, while the Nifty concluded the week at 15860.40, up 70 points, or 0.44 percent. Metal and financial stocks made a strong comeback near the end of the week, especially on Friday. The primary drivers for the domestic equity markets this week, according to analysts, will be macroeconomic data, vaccination rates, and global trends.

After AGM, RIL ended down 6% in two days, stock is down for the fourth day in a row.

Last week, six of the ten most valuable firms increased their overall market value by Rs 1,11,220.5 crore, with Tata Consultancy Services and Infosys dominating the gainer's chart.

Latest IPO Listing

On June 28, Dodla Dairy and Krishna Institute of Medical Sciences (KIMS Hospitals) will make their stock market debuts. Dodla Dairy's subscription offer ended on June 18 after 45.62 people had signed up.

KIMS Hospitals' public offer, worth Rs 2,144 crore, was oversubscribed 3.86 times between June 16 and 18. After successfully finishing the public sale, the other IPO, India Pesticides, is likely to finalise the basis of allotment in the following week.

June Auto Sales

Automobile businesses will stay in the spotlight, as they will announce their monthly sales numbers for the month of June on July 1. In June, retail sales of passenger vehicles and two-wheelers increased steadily compared to the previous month, as demand for entry-level cars and motorcycles continues to rise as the rural economy recovers.

On the heels of strong demand, the companies reported stronger figures in May.

Macroeconomic Data

The monthly IHS Markit India Manufacturing Purchasing Managers' Index (PMI) survey issued on June 1 showed that manufacturing PMI fell to a ten-month low of 50.8 in May, down from 55.5 in April. After slowing in April, India's manufacturing activity encountered a big speed bump in May.

Quarterly Earnings

Over 1700 BSE-listed companies will announce their March quarter earnings next week. SpiceJet, Hindustan Motors, Suzlon Energy, Sunteck Realty, Subros, Sintex Industries, Rail Vikas Nigam, Ruby Mills, Ruchi Soya Industries, NBCC (India), MEP Infrastructure Developers, GMDC, A2Z Infra Engineering, Hindustan Aeronautics, and Gammon India are among the companies that will release their quarterly results in the coming week.

Vaccination

According to the latest data on the government's COWIN database, India had its highest weekly immunization rate yet this week, with nearly four crore jabs administered. According to data released by the Union Health Ministry on Saturday, India's case count reached 3,01,83,143, with the weekly positive rate falling to 2.97 percent.

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