Monthly expiry to auto sales figures among other key triggers to watch out for in market next week

The benchmark indices witnessed consolidation and lost nearly 1 per cent on Friday after two weeks of consecutive gains. Both Nifty50 and Sensex ended lower by 0.9 and 0.8 per cent respectively.

The broader indices outperformed as midcap and smallcap index ended higher 1 and 0.2 per cent respectively.

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Amongst the sectors, metal was the top gainer followed by IT and pharma. On the flip side, FMCG, banking and auto were the top losers.

The market analyst Ajit Mishra, who is also a VP Research at Religare Broking said, “Participants preferred to book some profits however buying interest in select index majors capped the downside with no signs of de-escalation between Russia and Ukraine and hawkish statements by the US Fed.”

The monthly expiry of March month derivatives contracts would keep the volatile high next week, analyst said, adding that participants will also be eyeing the auto sales data starting April 1.

On the global front, updates on the Russia-Ukraine war and its impact on world markets and movement in the crude will remain in focus. Mishra added.

“Markets are showing resilience amid uncertainty however deterioration in the global sentiment may again turn the bias. For any directional move in the benchmark, the participation of the banking index is critical, which is currently witnessing diverge trend,” the market analyst said.

Amid all, VP Research at Religare Broking reiterated positive yet cautious stance and suggest focusing on sectors like metals, IT, and pharma which are performing well.

Below are the day-wise triggers for the next week:

Monday, March 28

Motherson Sumi Wiring India will be listed. It will work in T-to-T segment for first 10 days

Escort: Kubota Open Offer Expire (Price 2,000/sh)

Ruchi Soya: Last day of Follow-on Public Offer

Colgate: Board meeting on interim dividend

Ex-Date

SAIL: Interim Dividend: 2.50/Sh

Goldiam Int: Stock Split From 10 to 2

Tuesday, March 29

Veranda Learning Solutions Limited's IPO will open; Lot Size: 100, Price Range: Rs 130-137/sh, Issue size: Rs 200 cr

Tata Consumer: Board meeting on raising capital

IDBI Bank: Board meeting to raise Rs 8000 crore

Edelweiss: Board meeting on interim dividend

Ex-Date

BEML - Interim Dividend - Rs. 5/sh

Sundram Clayton - Interim Dividend - Rs. 44/sh

Wednesday, March 30

Ex-Date

Dhampur Sugar - Interim Dividend - 6/sh

Ambuja Cement - Interim Dividend - 6.30/sh

Thursday, March 31

Last date to submit application in Drone PLI Scheme

Friday, April 1

Maruti Suzuki: Hisashi Takeuchi to take over as MD & CEO

Tata Motors: Will increase the price of CVs by 2-2.5%

Third-party motor insurance rates to increase

Scheduled date of merger of L&T: L&T Hydrocarbon Engineering Limited with the company