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It’s been a bad week for stock markets around the world. Sensex lost 2,185 points to end the week down -3.6%, while Nifty shed 638 points, down 3.5% for the week, ending a four-week winning streak.
Globally, among the major markets, only the Hang Seng and Shanghai Composite managed to end the week on a positive note. US markets, S&P and Nasdaq suffered their worst week since the pandemic began, falling -5.7% and -7.55%.
Nifty Energy was the only sector that managed to post slight gains for the week, while all other sectors ended up in the red. The pharmaceutical sector with 7.1%, and pharmaceuticals 5.2%, was at the top of the draw list.
Things to watch out for in the week:
Rs. Adani Wilmar. An initial public offering of Rs 3,600 crore will be chosen to sign up on January 27, with a set price range between Rs. 218 – 230. The subscription will end on January 31. More details about the Adani Wilmar IPO here: Everything you need to know about the Adani Wilmar IPO here: Everything you need to know about the Adani Wilmar IPO
Corporate earnings to watch:
|January 24||25th Jan||January 26||27th Jan||January 28||29th Jan|
|Axis Bank Limited||Maruti Suzuki||–||Spices Heavy Electricals Ltd||Atoll Limited||IDFC First Bank|
|burger king india||Aditya Birla Sun Life AMC||Perla Soft||AU . Microfinance Bank||IndustryInd Bank|
|artisan automation||Can Fin Homes||Canara Bank||Bharat Electronics||NTPC|
|deepak nitrite||Sibla||Colgate Palmolive||Britannia Industries|
|Indian energy exchange||Federal Bank||Fino Payments Bank||Central Bank of India|
|HDFC AMC||Indiabulls . real estate||Indus Towers Ltd.||Dixon Technologies|
|SBI Cards and Payment Services||United Spirits||lors labs||Dr. Reddy’s Laboratories|
|Shriram Transportation Finance||Bidelet Industries||CE . Information Systems||Happiest minds for technology|
|SRF Limited||Nippon Life India AMC||Mahindra Bank Box|
|star cement||Punjab National Bank||Larsen & Toubro Ltd.|
|Torrent Pharma||RBL . Bank||Mariko|
|Max Financial Services|
This week’s major economic events:
|January 24||25th Jan||January 26||27th Jan||January 28|
|United States of America||Manufacturing PMI (Jan)||United States of America||Consumer Confidence (JAN)||United States of America||Commodity Trade Balance (Dec)||United States of America||Fed rate decision||Japan||Basic CPI|
|PMI Services (January)||Home Sales (Dec)||Federal Open Market Committee statement||Germany||GDP (fourth quarter)|
|Japan||PMI Services (January)||Crude oil stocks||GDP (fourth quarter)|
|Euro-zone||Manufacturing PMI (Jan)||Unemployment claims|
|Marquette Composite PMI (Jan)|
|PMI Services (January)|
|Britain||Manufacturing PMI (Jan)|
|PMI Services (January)|
|PMI Composite (January)|
What are you looking forward to next week? Share below