FOMC minutes, RBI’s MPC policy among others are key triggers for market next week – know day-wise events

From the Reserve Bank of India’s April monetary policy meeting to US Fed Federal Open Market Committee (FOMC) minutes, the Indian markets next week may drove by multiple key triggers. Besides, corporate actions, and IPOs to also keep the markets buzzing between April 4-8 week.

According to Yesha Shah – Head of Research at Samco Securities, “FOMC minutes which will be published next week will influence markets globally. Back home, the RBI's MPC meeting will be the talk of the town, driving market sentiment.”

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The shifting macro-dynamics caused by the war, the FED's planned rate hikes, and the need to foster domestic demand among other factors have placed the RBI in a tricky situation and all eyes will be on how the central bank will react, Shah added.

The benchmark indices, Nifty and Sensex, gained over 3 per cent each to close at 17,670.45 and 59,276.69 respectively last week; led by healthy buying across sectors, and all ended in green barring metals. Even broader indices, mid and small-cap, showed the same trend, up nearly 3 per cent each.

According to Ajit Mishra, VP-Research. Religare Broking, “Markets between March 28-April 1 posted strong gains and settled around the week’s high despite mixed global cues. A sharp decline in the crude combined with an improvement in foreign flows boosted sentiment. However, the lingering tension over the Russia-Ukraine crisis and volatile global markets capped the momentum in check.”

Below are the day-wise triggers that the market to witness

Monday – April 4

Ex-Date 

ACC LTD: Final Dividend: 58 per Sh

Kama Holdings: Interim Dividend: 111

Global 

China - Holiday - Ching Ming Festival

Tuesday – April 5

Hariom Pipes IPO to close on Tuesday (Price band: Rs 144-153 apiece; Size: 130.05cr)

Hero MotoCorp to revise prices of its motorcycles and scooters

Ex-date

Wipro: Dividend of Rs 5 per share

Global 

China - Holiday - Ching Ming Festival

Hong Kong - Holiday - Ching Ming Festival

Wednesday – April 6

RBI monetary policy meeting will start from Wednesday

Global

Russia - March CPI numbers will come

Hong Kong - March Manufacturing PMI will come

Thursday – April 7

Sterling & Wilson Renewable Energy: March-end quarter results for FY22 result will come on Thursday

Gulf Oil Lubricants: Buyback will close on April 7

Nagarjuna Fertilizers: Next hearing on April 7 in NCLT Hyderabad Bench

Tata Group: Company's Super app Neu likely to be launched on April 7

Ex-date

Dwarikesh Sugar:  Interim Dividend: 2 per share

Edelweiss Financial:  Interim Dividend: 0.25 per share

World Health Day will be celebrated

Friday – April 8

RBI MPC interest rate decision will be announced

Global

Russia: GDP Quarterly (Q4)