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The Market Whisper: Your Weekly Stock Markets Rundown
October 7-October 11, 2024
thestock whisperers
October 06, 2024
October 7-October 11, 2024
📊 The Earnings Season Begins: TCS Leads the Charge
TCS to Kickstart Q2 FY25 Earnings Season
The much-awaited earnings season kicks off this week with Tata Consultancy Services (TCS) set to release its Q2 FY25 results on October 10. Analysts are keeping a close watch as the IT giant sets the tone for the earnings season. Meanwhile, Dabur has flagged concerns over muted growth in Q2, attributing the slowdown to heavy rains and floods impacting its operations.
Muted Earnings Expected in Consumer Goods and Construction
The economic outlook remains cautious for companies in sectors such as cement, exterior paints, beverages, and out-of-home consumption products, with expectations of muted earnings due to weather-related disruptions.
📅 Key Market Events This Week
Day | Event |
|---|---|
Monday, Oct 7 | 🇪🇺 Euro Area Retail Sales: Modest growth was seen in July. August data to be released. |
Tuesday, Oct 8 | 📢 IPO: The IPO of Garuda Construction and Engineering opens for subscription. |
📅 Board Meeting: Vedanta will consider dividends on equity shares. | |
Wednesday, Oct 9 | 🇮🇳 RBI Interest Rate Decision: All eyes are on the central bank amid global rate cuts. |
🇺🇸 US Fed Meeting Minutes: Minutes of September 17-18 FOMC meeting to be released. | |
Thursday, Oct 10 | 📊 Q2 Results: TCS and Tata Elxsi to report earnings. |
🌐 IMF World Economic Outlook: The IMF will release its highly anticipated report. | |
🇺🇸 US Inflation and Jobless Claims: Key data for September to be updated. | |
Friday, Oct 11 | 🇮🇳 India Industrial Production: July saw a 4.8% rise. August figures to be updated. |
🇰🇷 South Korea Interest Rate Decision: Bank of Korea to decide on rates. | |
Sunday, Oct 13 | 🇨🇳 China Inflation & Trade Data: September inflation and exports-imports numbers due. |
📈 Monetary Policy in Focus: RBI's Crucial Rate Decision
RBI to Weigh Global Rate Cuts
This week, the newly constituted Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet to decide on interest rates. With the US Federal Reserve recently cutting its policy rate, pressure mounts on RBI Governor Shaktikanta Das to follow suit. However, analysts remain divided, with some predicting that the RBI may maintain its stance for now.
Global Updates
Central banks globally are re-evaluating their positions. South Korea's central bank will also make its rate decision, and the US Federal Reserve will release the minutes of its last FOMC meeting, giving insight into future US monetary policy. Additionally, the IMF World Economic Outlook will provide updated global growth forecasts.
🌐 Primary Market Alert: Garuda Construction and Engineering IPO
This week, the primary market sees action with the Garuda Construction and Engineering IPO opening for subscription on October 8. Investors keen on the infrastructure sector will be eyeing this public issue closely.
📌 Quick Highlights: Global Economic Events
US Inflation Data: Expected to reveal the ongoing trend of slowing inflation for the fifth consecutive month.
China Trade Data: China will release its exports and imports figures for September, with attention on a potential slowdown in imports after a surprising rise in exports in August.
📢 Stay Updated
Follow the latest earnings reports, rate decisions, and market movements as Q2 earnings season kicks off in full swing. The Indian market remains volatile but is ripe with opportunities!
😊Thank you for subscribing to our Market Wrap-Up Weekly Stock Markets Rundown. Stay tuned for next Saturday.
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.
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