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It was another volatile week for the stock markets. The Sensex ended the week down 3.1% while Nifty stock fell 2.9%.
Globally, other Asian markets came under heavy selling pressure. While the major European indexes also ended the week in negative territory.
US markets closed the swing week on a positive note. S&P 500 and Dow post weekly gains for the first time in 2022.
All sectoral indices except Nifty PSU Bank and Nifty Bank ended the week in the red.
Things to watch out for this week:
All eyes this week will be on February 1st when the Finance Minister will present the Union Budget.
The IPO of Vedant Fashions, owner of Manyavar will open for subscription on February 4, with a set price range between Rs. 824 – 866. The initial public offering will close on February 8. More details about the Vedant Fashions IPO here: Everything you need to know about the Vedant Fashions IPO here: Everything you need to know about the Vedant Fashions IPO here:
Important earnings announcements for the week:
|Jan 31.||February 1||February 2||3rd Feb||February 4||February 5|
|BPCL||Aditya Birla Fashion||Apollo tires||Aditya Birla Capital||chemistry parameter||Arte Industries|
|DLF||Adani Ports||rampur shini mills||Cadila Healthcare||Astral Ltd.||The kind|
|HPCL||Cholamandalam Investment Finance||Dabur India||Emami Ltd.||Davy Labs||Bank of Baroda|
|International Olympic Committee||Indian Hotels||Gillette India||Gail||InterGlobe to fly||Central Bank of India|
|Tata Motors||Jindal for steel and strength||HDFC||Godrej Characteristics||paytm|
|UPL||Shri cement||Mahindra and Mahindra Financial Services||ITC Limited||REC Limited|
|Tech Mahindra||Mothout Capital Services||Lupine Limited||Siemens Limited|
|Tata Consumer Products||Pfizer Co., Ltd.||TATA Steel|
|Zee Entertainment Projects||Titan|
Global economic events to watch out for:
|December 31||February 1||February 2||3rd Feb||February 4|
|Retail Sales (Dec)||India||Union budget||Euro-zone||Consumer Price Index Inflation||Japan||PMI Services (January)||Euro-zone||Retail|
|Euro-zone||Manufacturing PMI (Jan)||we||non-agricultural labor||Euro-zone||European Central Bank interest rate decision||we||Nonfarm Payroll (Jan)|
|we||Manufacturing PMI (Jan)||PMI Services (January)||Unemployment Rate (JAN)|
|Marquette Composite PMI (Jan)|
|Britain||Bank of England interest rate decision|
|PMI Services (January)|
|PMI Composite (January)|