Financial results, macroeconomic data and institutional fund flows will be in focus on Dalal Street in the holiday-truncated three-session week starting April 11. With the RBI's bi-monthly review along expected lines, all eyes will be on incoming inflation data and the onset of the earnings season for domestic cues.
NSE
Globally, any fluctuations in crude oil and other commodities, and news updates on the Russia-Ukraine war and COVID cases in China will remain on investors' radar.
Indian financial markets will remain shut on Thursday and Friday for Mahavir Jayanti and Good Friday holidays respectively.
The week that was
Headline indices Sensex and Nifty50 managed to finish a second straight week higher last Friday, led by FMCG, metal and PSU banking stocks. The 30-scrip index gained 170.5 points or 0.3 percent to end at 59,447.2 and the broader Nifty50 benchmark added 113.9 points or 0.6 percent to settle at 17,784.4.
The Nifty FMCG was the top gainer among NSE's sectoral gauges, up 4.4 percent for the week.
Broader markets also strengthened, with the Nifty Midcap 100 index rising 3.6 percent. Its smallcap counterpart gained 2.7 percent.
Here are the key factors and events that are likely to influence Dalal Street in the week starting April 11:
DOMESTIC CUES
Earnings
Tata Consultancy Services (TCS) will kick off the corporate earnings season by reporting its financial results for the January-March period on Monday.
Infosys is due to report its quarterly numbers on Wednesday.
HDFC Bank earnings are due on Saturday.
Macroeconomic data
Separate official data on industrial production and consumer inflation in the country are due on Tuesday.
The RBI, in its first policy review of FY23, brought back inflation before growth in priority -- a switch made in 2020 in order to tackle the fallout from the pandemic.
The central bank raised its projections for retail inflation and lowered for economic growth for FY23 in its April 8 statement.
IPO
Coaching services provider Veranda Learning Solutions' shares are set to be listed on BSE and NSE on Monday.
FII activity
Foreign institutional investor (FII) flows will remain in the spotlight. Last week, FIIs net sold Indian shares worth Rs 6,337.5 crore whereas domestic institutional investors (DIIs) made net purchases of Rs 4,161.5 crore, according to provisional exchange data.
Corporate action
| Company | Ex date | Purpose | Record date |
| Asian Granito India | Apr 11 | Rights issue | Apr 12 |
| BMW Industries | Apr 11 | Interim dividend Re 0.02 | Apr 12 |
| PCBL | Apr 11 | Stock split from Rs 2 to Re 1 | Apr 12 |
| Adcon Capital Services | Apr 12 | Stock split from Rs 10 to Re 1 | Apr 13 |
| Arihant Capital Markets | Apr 12 | Stock split from Rs 5 to Re 1 | Apr 15 |
| Baid Leasing and Finance | Apr 12 | Stock split from Rs 10 to Rs 2 | Apr 15 |
| Jyoti Structures | Apr 12 | EGM | - |
| Sanofi India | Apr 12 | Final dividend Re 181 | - |
| Sanofi India | Apr 12 | Special Dividend Rs 309 | - |
| White Organic Retail | Apr 12 | Bonus issue 2:1 | Apr 14 |
| Mahindra CIE Automotive | Apr 13 | Final dividend Rs 2.5 | - |
GLOBAL CUES
A slew of US and EU central bank officials are due to speak during the week.
| US | Europe | Asia | |
| Apr 11 | Three Fed officials due to speak | UK GDP data, UK manufacturing data | BoJ Governor speech, China inflation data |
| Apr 12 | Inflation data, one Fed official to speak | ECB member speech, Germany inflation data | |
| Apr 13 | Crude oil stockpile | BoJ Governor speech | |
| Apr 14 | Retail sales data, jobless claims data | ECB rate decision | |
| Apr 15 | Factory output data | France inflation data |
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