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It was a bad week for equity markets around the world. Sensex shed 2185 points to end the week down by -3.6%, while Nifty gave up 638 points, down by 3.5% for the week, ending a four-week gaining streak.
Globally, amongst the major markets, only Hang Seng and Shanghai Composite Index managed to end the week on a positive note. US markets, S&P and Nasdaq suffered their worst week since the pandemic began, tumbling -5.7% and -7.55%.
Nifty Energy was the only sector that managed to post-minimal gains for the week, while all other sectors ended up in red. Pharma -7.1% and Pharma 5.2% were the top draggers.
Things to watch out for in the week:
Adani Wilmar’s Rs. 3,600 crore IPO will option for subscription on 27th January, with a price band set between Rs. 218 – 230. The IPO will close on 31st January. More details on the Adani Wilmar IPO here: Everything You Need to Know About the Adani Wilmar IPO
Corporate earnings to watch for:
|24th Jan||25th Jan||26th Jan||27th Jan||28th Jan||29th Jan|
|Axis Bank Limited||Maruti Suzuki||–||Bharat Heavy Electricals Limited||Atul Limited||IDFC First Bank|
|Burger King India||Aditya Birla Sun Life AMC||Birla Soft||AU Small Finance Bank||IndusInd Bank|
|Craftsman Automation||Can Fin Homes||Canara Bank||Bharat Electronics||NTPC|
|Deepak Nitrite||Cipl||Colgate Palmolive||Britannia Industries|
|Indian Energy Exchange||Federal Bank||Fino Payments Bank||Central Bank of India|
|HDFC AMC||Indiabulls Real Estate||Indus Towers Limited||Dixon Technologies|
|SBI Cards and Payment Services||United Spirits||Laurus Labs||Dr. Reddy’s Laboratories|
|Shriram Transport Finance||Pidilite Industries||CE Info Systems||Happiest Minds Technologies|
|SRF Limited||Nippon Life India AMC||Kotak Mahindra Bank|
|Star Cement||Punjab National Bank||Larsen & Toubro Limited|
|Torrent Pharma||RBL Bank||Marico|
|Max Financial Services|
Key economic events for the week:
|24th Jan||25th Jan||26th Jan||27th Jan||28th Jan|
|USA||Manufacturing PMI (JAN)||USA||Consumer Confidence (JAN)||USA||Goods Trade Balance (DEC)||USA||Fed Interest Rate Decision||Japan||Core CPI|
|Services PMI (JAN)||Home Sales (DEC)||FOMC Statement||Germany||GDP (Q4)|
|Japan||Services PMI (JAN)||Crude Oil Inventories||GDP (Q4)|
|Eurozone||Manufacturing PMI (JAN)||Jobless Claims|
|Market Composite PMI (JAN)|
|Services PMI (JAN)|
|Britain||Manufacturing PMI (JAN)|
|Services PMI (JAN)|
|Composite PMI (JAN)|
What are you looking forward to the coming week? Share below