Stock Markets Next Week: LIC IPO to Britannia, HDFC Q4 results and US FOMC meeting, 20 triggers that could impact market movement

Stock Markets Next Week: Stock Markets are likely to witness great action next week as many top events are lined up, despite it being a truncated week because of Id-Ul-Fitra holiday which falls on 3 May (Tuesday). Zee Business’ Kushal Gupta brings a list of top events that could impact the market movement over the four trading sessions.

Here is the list of key events:

1) Monday, 2 May 2022 – Q4 Results 2022: Important results including those of Britannia Industries and HDFC Limited from the Nifty50 index will be announced on this day. In the Futures & Options (F&O) space Alembic Pharma and Mahindra & Mahindra Finance will also be declared.

2) New margin rules to come into effect from 2 May.

3) Rakesh Jha will assume charge as Whole time Director of ICICI Bank.

4) Ex date of Rs 25/share dividend of Foseco India.

5) Prime Minister Narendra Modi will be starting his visits to Germany, Denmark and France. His visits will be from 2 May to 4 May.

6) Stock markets in Singapore, Hong Kong, China, Russia and UK to remain shut on this day.

7) Tuesday, 3 May - Q4 Results 2022:  Among the Nifty50 companies, Tata Steel, Hero MotoCorp and Titan will announce their March quarter results. In the F&O segment, Godrej Properties and Adani Enterprises will declare their results.

8) Indian equity markets will remain closed on account of Id-Ul-Fitra on this day. Markets in Singapore, China and Japan will also remain shut.

9) Wednesday, 4 May - Q4 Results 2022: Kotak Mahindra Bank and Tata Consumer Products will declare their Q4 results. In F&O space, ABB India, Deepak Nitrite will announce their results.

10) Much awaited LIC IPO will open on this day. The IPO size id Rs 21000 cr and the price band is Rs 902-Rs 949 per share.

11) Ex date for Gateway Distriparks interim dividend of Rs 1.25.

12) US FOMC statement to be issued this week.

13) Stock Markets in China and Japan to remain closed on this day.

14) Thursday, 5 May - Q4 Results 2022: In the F&O space, results of Cholamandalam Investment, Dabur and Exide Industries will be announced.

15) Markets in Japan and South Korea to remain closed on this day.

16) Results of TVS Motors and Voltas will be declared.

17) Bank of England will announce its decision on interest rates.

18) Friday, 6 May - Q4 Results 2022: In the F&O space, Canara Bank, Federal Bank and Tata Power will declare its earnings results.

19) Ex date of Vedanta limited’s interim dividend of Rs 31.50.

20) Ex date of CRISIL’s interim dividend of Rs 7.

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Indian Stock markets ended the week in red. The BSE Sensex fell over 460 points or 0.8 per cent to settle at 57060.87 while the Nifty50 ended at 17102.55, falling down by 142 points or 0.8 per cent. Bank Nifty fell nearly 1 per cent or by 334 points to close at 36088.15.

The correction was witnessed even in the broader markets as Nifty Midcap 100 declined by over 250 points to end the last weekly trading session at 29880.35.