Week Ahead Market Watch, Watch on Top Company Results

Because of holidays, markets was truncated this week and India’s benchmark indices once again clocked some weekly gains in the week. However, trading could however be volatile next week as traders roll-over positions in the Future and Option segment from the near-month April to May series. The April 2019 Future and Option contracts expire on Thursday, 25 April. The poll outcome would also be the key factor for the markets, with just over a month left.

Moreover, it is seen that the domestic markets are largely being boosted by Foreign Portfolio investors (FPIs), with the advantage of a strong currency. Thus far in April, FPIs have bought in the cash market to the tune of Rs8,000-Cr. In March they have bought in the cash market a record buying of Rs32,000-crores.

In the earning optimism, there are some top companies are lined up for announcements of result next week. Accordingly, HDFC Bank will report its results on Monday 20-April  ACC Ltd will disclose its  earnings on 23-April. UltraTech Cement and Bharti Infratel will declare their results on 24-April. Maruti Suzuki India will announce results on 25-April. Hero MotoCorp, Axis Bank and Yes Bank will also declare their Jan-March quarterly earnings on 26-April.