Weekly Market Quote - Vijay Singhania, Founder-Director, Trade Smart Online

"RBI Policy and Q1 earnings set the market sentiments in the coming week. The next major event in upcoming week is the Reserve Bank of India's (RBI) third bi-monthly monetary policy meeting scheduled on Tuesday. This will be outgoing Governor Raghuram Rajan's last policy review. The general expectation is that out-going Governor will keep key benchmark rates.Besides the RBI's policy review, the market will also be keenly watching out for any announcement on the next RBI Governor.

Apart from RBI policy review, the last batch of Q1 June 2016 corporate results, progress of monsoon rains and macro economic data will dictate market trend in the near term.

Most Asian stock markets including Indian equities will on Monday will initially react to the outcome of the crucial US non-farm payrolls data released last Friday.

Meanwhile, the domestic earnings season almost comes to an end next week. Among key earnings slated for the week ahead, Hero MotoCorp, Idea Cellular, Adani Ports and Special Economic Zone, Lupin, Mahindra & Mahindra, Bosch and Hindalco Industries.

Among macro economic data, the government will announce data on industrial production for June 2016 on Friday. Industrial production (IIP) increased 1.2% in May 2016 over May 2015. On the same day, the inflation based on the consumer price index (CPI) for July 2016 is scheduled to be released by the government. CPI inflation accelerated to 5.77% in June 2016 from 5.76% in May 2016.

Investors need to be careful in picking up stocks for investments and more due diligence is needed before committing funds as the GST story is more or less done, and earnings season continues to disappointing.At the same time,traders should book profit on rise in index; however,movement on the stock specific front will continue remain in focus".

Source : Equity Bulls

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