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Triggers Likely to Affect Stock Market Movement in the Coming Week

27 February 20245 mins read by Angel One
Triggers Likely to Affect Stock Market Movement in the Coming Week
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Markets Trading in Red

Towards the end of the day on Friday, markets somehow recovered after trading in red. Nifty Bank closed at Rs. 38,370.40, which is lower by around 100 points of 0.26%. At the same time, Nifty Midcap also settled with marginal losses.

As per experts, high listing stocks may witness marginal weakness. However, various other stocks with a tepid debut on the bourses may follow the market flow.

In this scenario, a few triggers will drive the Indian stock market in the coming week. Find them below:

  1. HCL Technologies released its Q3 financial results for FY2022, which stated a profit decline of around 13.6%. Its net profit reached Rs. 3,442 for the December quarter. However, the company announced that it has experienced improved performance across different business verticals.
  2. HDFC Bank also released its Q3 financial results for FY2022, which stated a stellar rise of around 21% in its consolidated PAT. Its PAT reached Rs. 10,591 crores and advances increased by 16% YoY.
  3. Hinduja Global made decisions relating to share buybacks, probable acquisitions and mergers during a board meeting.

17 January 2022

  1. UltraTech Cement plans to release Q3 FY2022 results on Monday, 17 January 2022. It is expected to witness an 11.3% YoY decline in consolidated PAT. Analysts believe that its PAT will reach Rs. 1,405 crores.
  2. Som Distilleries and Breweries Limited’s rights issue of 50 lakh shares amounting to Rs. 17.50 crores. The firm has set the issue price at Rs. 35 per share. The bid opens on 17 January 2022 and closes on 31 January 2022. Further, the primary objectives of this rights issue are to meet the long-term capital requirements and general corporate purposes.
  3. CE Infosystems anchor lock-in period will end on 17 January 2022.
  4. The anchor lock-in period of Metro Brands will also end on 17 January 2022.
  5. A board meeting of Nazara Tech will decide over the issue of preferential shares. The said meeting will happen on 17 January 2022 and will approve the equity share issuance to one or multiple persons on a preferential basis, depending upon the Companies Act 2013.
  6. Hinduja Global’s interim dividend of Rs. 150 per share expires on 17 January 2022. The date of announcement of such dividend was 6 January 2022.
  7. Info Edge’s interim dividend of Rs. 8 per share expires on 17 January 2022.

18 January 2022

  1. On Tuesday, 18 January 2022, GHCL will perform a hearing over a textile business demerger in NCLT.
  2. Ramkrishna Forgings to conduct a board meeting regarding the share split issue on 18 January 2022, Tuesday.
  3. Bajaj Finserv is likely to generate funds via NCDs.
  4. Shalimar Paint has scheduled a meeting on 18 January 2022 regarding raising funds.

19 January 2022

  1. Wednesday, 19 January 2022, is the last day to subscribe to the Silver ETF of ICICI Prudential Mutual Fund. This is India’s first Silver ETF.
  2. The anchor lock-in period of Medplus Health will end on this day. The company managed to generate Rs. 418 crores through its anchor book.
  3. Mastek will release its Q3 FY2022 financials and interim dividend on 19 January 2022.

20 January 2022

  1. Orient Electric will release Q3 FY2022 earnings on this day.
  2. Visaka Industries will conduct a board meeting on 20 January 2022 regarding its interim dividend.

21 January 2022

  1. The anchor lock-in period of Data Patterns will end on this day.
  2. The last day for share buyback of Cheviot is 21 January 2022

Bottom Line

As per market trends, issuances tend to get affected when the anchor lock-in period ends. Experts suggest that earning and budget expectations are the two prominent triggers that will keep the first month of 2022 buzzing for issuances.

Source – Zeebiz

Frequently Asked Questions

  1. By how much can issuances decline after the end of the lock-in period?

As per reports, 49% of issuances tend to decline on average by 6% during the day in which the lock-in period ends.

  1. What was the closing price of Indian benchmark indices on Friday?

Sensex closed down by around 12.27 points at 61,223.03. Meanwhile, Nifty closed at 18,255.75.

  1. Who were the net buyers and sellers on Friday?

On Friday, FIIs were the net sellers by selling equities worth Rs. 1,598 crores. Meanwhile, Domestic Individual Investors (DIIs) were the net buyers who purchased stocks of Rs. 371 crores.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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