Several Indian companies have business interests in Greece and other European countries. These are likely to be adversely impacted with volatility and weakness in euro due to Grexit.
Q1 earning season, Monsoon session of Parliament & launch of Digital India programme will drive the markets in July. Monthly IIP, CPI & WPI numbers will also be keenly watched.
International creditors have rejected Greek proposals on the debt issue. Greece owes the IMF 1.6 billion euros on June 30. Fund managers, brokers and analysts feels that Indian market has discounted most of the pessimism around Greece.
Monsoon is on a roll & it has reignited the optimism that food inflation will be contained, giving more room to the RBI to ease interest rates.
The Cabinet Committee on Parliamentary Affairs is likely to meet on June 24 to finalise the dates of the monsoon session of Parliament. The government is looking forward to push through key bills and get approval for the recently-promulgated ordinances.
Markets are likely to be volatile in expiry week. New IPO of Manpasand Beverage will hit the market. Also, big ticket projects are set for launch this week including ‘Smart Cities’ & ‘Housing For All’.
Consumer Durable Stock have been consistently on buyers wishlist on expectations of strong Q1. Also, Housing finance rising on hopes of growth coming in from “Housing For All”
Telecom Sector is in limelight on mergers & 4G trial news. Bharti Airtel will start trials for its 4G services in Delhi, from June 18.
Markets regain strength despite of weak global cues. Trend likely to continue supported by short covering in banks.
FOMC meet along with Greece worries will keep the markets on tenterhooks. Also investment trends by FIIs & Advance tax numbers to dictate the trend.
RKSV Daily Digest 15th June 2015, In this video we discuss the main events impacting the markets in the week ahead. The monsoon has spread some positive cheer, the IIP figures are looking up, the big merger is happening this week and Rupee continues to slide.
Have you ever been late to a party before? Not the kind of party where it’s “OK” to be late, but the sort of party where you wished you had shown up on time because you missed out on something big? That’s what it’s like, right now, for those who are not investing inRead More