Stock market in coming week will be driven mostly by trend in global markets and corporate earnings that will be reported by domestic companies. BJP has emerged single largest party in Maharashtra and Haryana, as a result investors' sentiments may be boosted on hope of that the Modi led party will bring forward reforms. Moment of rupee against dollar and movement of crude oil prices will also remain a factor.
The trading days for the week will be cut short as the market will remain close on on Thursday, 23 October 2014 on account of Diwali-Laxmi Pujan and again on Friday, 24 October 2014 on account of Diwali-Balipratipada. Exchanges though will conduct 'Mahurat Trading' on Diwali as customary.
On global front China will be publishing GDP data for third quarter this week. Investors would also be keeping an eye on Federal Open Market Committee meeting for next monetary policy review due by the end of the week.
We may also witness another result induced volatile week as major companies like HDFC Bank, Kotak Mahindra Bank, Wipro, HDFC, Hindustan Zinc, Asian Paints, Cairns and JSW Steel are set to declare their earnings for quarter ended September 30, 2014.
The trading days for the week will be cut short as the market will remain close on on Thursday, 23 October 2014 on account of Diwali-Laxmi Pujan and again on Friday, 24 October 2014 on account of Diwali-Balipratipada. Exchanges though will conduct 'Mahurat Trading' on Diwali as customary.
On global front China will be publishing GDP data for third quarter this week. Investors would also be keeping an eye on Federal Open Market Committee meeting for next monetary policy review due by the end of the week.
We may also witness another result induced volatile week as major companies like HDFC Bank, Kotak Mahindra Bank, Wipro, HDFC, Hindustan Zinc, Asian Paints, Cairns and JSW Steel are set to declare their earnings for quarter ended September 30, 2014.
