Weekly Market Update - Gaurav Jain, Director, Hem Securities

"Global clues, earnings and macroeconomic data to dictate market trend in the coming week. Apart from on-going geopoltical concerns and on-going earnings seasons, markets will now keep an eye on upcoming Karnataka State elections. Any new developments on that front will affect market swings.

The results season would take center stage once again as some of the index-heavyweight companies are scheduled to release their quarterly in the coming week. HDFC Bank, TCS and IndusInd Bank are among the big names releasing their quarterly numbers next week.

On macro front, the government will announce inflation data based on wholesale price index (WPI) for March 2018 on Monday. Wholesale prices rose by 2.48% year-on-year in February 2018, after a 2.84% increase in the prior month.

On the global front, China will announce Q1 GDP annual growth rate on Tuesday. Japanese industrial production data for February will be declared on Tuesday. Japanese inflation data for March will be announced on Friday.While the US industrial production data for March will be unveiled on Tuesday, 17 April 2018".

Source : Equity Bulls

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