Dalal Street likely to start the week on a negative note on backdrop of a weak closing at Wall Street in last week’s trade, according to Prashanth Tapse, AVP Research, Mehta Equities.
U.S. financial markets will be closed on Monday Jan. 18 for the Martin Luther King holiday.
"All investors’ eyes will be glued on Capitol Hill this week with the inauguration of Joe Biden as the 46th President of the United States. The street will spy with one eye if the speech addresses the program of the new US administration which is likely to implement over the next four years - from trade policy with China, as well as domestic policy when it comes to investment in energy, renewables and other infrastructure, where Federal spending has been rather lacking in recent years," he added.
Q3 Earnings to trickle in this week:
Monday: ALOK TEXTILE, IBREALEST, INDIAMART, IRB, MINDTREE, RALLIES, TRIDENT.
Tuesday: APLL, CEAT, DCM SHRIRAM, GDL, HT MEDIA, ICICI GI, LTI, TATA COMM, TATA STEEL BSL, TV18 BROADCAST.
Wednesday: BAJAJ FINSERV, BAJAJ FINANCE, FEDERAL BANK, HAVELLS, HDFC AMC, HINDZINC, LTTS, SYNGENE, TEJASNET, TINPLATE, VSTIND.
Thursday: AAVAS, ASAIN PAINTS, BAJAJ AUTO, BIOCON, CYIENT, ICIL, IEX, JINDAL STEEL, JK TYRE, KAJARIA CERAMIC, MCX, NAM INDIA,
Friday: HDFC LIFE, INDIAN BANK, JSW STEEL, KOPRAN, RELIANCE, SBI LIFE, WENDT, YES BANK.
IPO NOTE:
This week, two IPOs - Indian Railway Finance Corporation and Indigo Paints - will hit the Dalal Street.
Indian Railway Finance Corporation, the dedicated market borrowing arm of the Indian Railways, will open its Rs 4,633 crore IPO for subscription on January 18 and the same will close on January 20.
The bidding for Rs 11,760 million initial public offering of Indigo Paints, the fifth largest company in the Indian decorative paint industry, will begin from January 20 till January 22.
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