The Indian stock market is likely to track quarterly earnings reports, global trend and movements of the rupee and crude oil for direction in the coming week, which will be a short one due to a holiday on Monday (May 1) for Maharashtra Day.
ICICI Bank, HDFC, Marico and MRF are scheduled to announce their fourth quarter results next week.
Kansai Nerolac, RBL Bank, Ajanta Pharma, Merck, VMart, BASF, Emami, Exide Industries, Godrej Properties, Greaves Cotton, HCC, L&T Finance Holdings, Bank of Maharashtra, MCX, Oberoi Realty, Raj TV, Tata Communications, GE Shipping, Shoppers Stop, Rain Industries, NIIT Technologies, Shankara Building Products, Monsanto, Mafatlal Industries and Sun Pharma Advanced Research will also announce their quarterly results in the coming week.
Shares of automobile and cement companies will be in focus as leading automobile and cement manufacturers will report sales and shipments data for the month of April 2017.
PSU oil stocks will see action as state-run oil marketing companies will review fuel prices during the weekend. Aviation stocks will be in focus as well. Prices of aviation turbine fuel will set the trend for airlines stocks.
On the economic front, the data on India's manufacturing sector activity will be out on Tuesday (May 2), with Markit Economics set to release the India Manufacturing Purchasing Managers' Index for April 2017. A couple of days later, on Thursday, Markit will relase the result of the survey on India's services sector activity in April 2017.
The Japanese central bank's monetary policy review, non-farm payrolls data from the U.S. and some key economic data from Europe are the other events to look for in the coming week.
