You are here: Home » Markets » News
Business Standard

Q4 earnings to elections, top factors that may drive markets this week

Investors this week will keep a tab on the Q4 earnings of major auto, financial, telecom and realty companies while F&O expiry and the third phase of the 2019 Lok Sabha elections will also be watched

BS Web Team  |  New Delhi 

Investors this week will keep a tab on the Q4 earnings of major auto, financial, telecom and realty companies while F&O expiry and the third phase of the 2019 Lok Sabha elections will also be keenly watched.

Companies including Indiabulls Housing Finance Ltd, Bharti Infratel Ltd, Axis Bank Ltd, Maruti Suzuki India Ltd, Hero Motocorp Ltd, Tata Steel Ltd, and Yes Bank Ltd, among others will announce their March quarter earnings this week.

On the political front, the third phase of the 2019 Lok Sabha elections will be conducted on April 23 where 116 constituencies spread across 13 states and Union Territories including Assam, Bihar, West Bengal, Jammu and Kashmir, Uttar Pradesh, Maharashtra, Kerala, and Goa will go to poll.

Futures and Options contracts will expire on April 25 (Thursday) which is expected to keep traders busy with rolling over of contracts.

On the global front, the week will see central budget announcement and Debt to GDP estimate by the European Union on April 23 (Tuesday), Industry activity index and Interest rate decision by Japan on April 24 (Wednesday) and April 25 (Thursday) respectively and growth rate for Q1CY19 and inflation expectation by the US on April 26 (Friday).

Apart from this, investors will also keep an eye on oil prices, the level of against the US dollar, and FII inflows.

Last week, BSE Sensex and NSE Nifty50 closed at 39,140 and 11,753, respectively, after the Sensex touched an all-time high of 39,487.45 while the broader index Nifty scaled 11,856.15 during the week.

Global cues

Asian stocks were steady on Monday as investors awaited the return of major financial from the Good Friday holiday. Equities were subdued, with MSCI’s broadest index of Asia-Pacific shares outside Japan trading little changed.

Stocks in focus

Q4 results: Abirami Financial Services (India) Ltd, Ashika Credit Capital Ltd, AU Small Finance Bank Limited, Goa Carbon Limited, and others will announce their March earnings on Monday

Reliance Industries announced its Q4 results on Thursday after market hours. Its net profit in January-March, at Rs 10,362 crore, or Rs 17.5 a share, was 9.8 per cent higher than Rs 9,438 crore, or 15.9 per share, in the same quarter a year earlier

HDFC Bank also announced its March quarter earnings on Saturday and reported a rise in net profit by nearly 23 per cent QoQ. The gross NPA were 1.36 per cent of gross advances and net NPA were 0.4 per cent of net advances.

Reliance Home Finance announced that CARE Ratings (CARE) has revised its rating to BBB+ (credit watch with developing implications) for the company's long-term debt programme, market-linked debentures, subordinated debt and non-convertible debentures (NCDs) public issue.

Dr Reddy's Labs: The company's Srikakulam unit has been classified as 'Voluntary Action Indicated' (VAI) by the US FDA.

Larsen & Toubro: The Competition Commission has given approval to Schneider's acquisition of Larsen & Toubro's electrical and automation business in a Rs 14,000-crore deal.

Jet Airways management has asked the government to release Rs 175 crore to pay one-month of salary to its staff. Also, Etihad spokesperson has said Aviation Group sees significant value generation from the ownership and management of Jet Privilege Program.

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
Exclusive invite to select Business Standard events.

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to  assist@bsmail.in Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
First Published: Mon, April 22 2019. 07:51 IST
RECOMMENDED FOR YOU