Synopsis
Week Ahead in Markets: November 27 to December 1, 2023.
The September quarter earnings report is in, and according to Kotak Institutional Equities analysis of the BSE 500 index companies, operating earnings have seen a robust boost, thanks to improved profit margins. Although there’s a bit of a slowdown in certain sectors affecting revenue growth, the overall outlook is positive. Stay tuned for more data updates in the upcoming week.
India is gearing up to unveil key economic indicators, including gross domestic product (GDP), revenue, and expenditure data. The Reserve Bank of India will provide the latest figures on bank loan and deposit growth. Meanwhile, the automobile industry will release wholesale dispatch numbers, and the Purchasing Managers Indices (PMI) for November will shed light on the country’s economic activity.
Looking globally, keep an eye on OPEC’s ministerial meeting where decisions on oil production will be crucial. Additionally, watch out for China’s PMI, Euro Area inflation, and updates on economic sentiment, as these are key indicators to track.
Monday, November 27
MapmyIndia
- As we kick off the week, C.E. Info Systems (MapmyIndia) is set to discuss fund-raising options in their board meeting. Stay informed!
Newgen Software Technologies
- Newgen Software Technologies board is set to discuss and propose a bonus share issue.
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US New Home Sales
- Keep an eye on the US New Home Sales, expected to level off in October after a healthy surge in September 2023.
Tuesday, November 28
Siemens
- Results are in for Siemens
- Watch out for Consumer Confidence updates in Germany and South Korea, indicating a potential softening due to economic slowdown.
- Germany’s GfK Consumer Climate indicator and South Korea’s Composite Consumer Sentiment index will provide insights.
Wednesday, November 29
Euro Area Economic Sentiment
- Euro Area Economic Sentiment might remain subdued in November due to inflationary pressures, following a drop in the economic sentiment indicator in October.
Thursday, November 30
INDIA GDP
- India is set to unveil GDP data for the second fiscal quarter ending September 2023. In the April-June quarter, the economy expanded by 7.8 percent.
Government Revenues
- Additionally, keep an eye on India’s government revenue and expenditure data for the period ending October. The fiscal deficit increased from the year-ago period in April-September.
China Manufacturing PMI
- China will release Manufacturing PMI data for November, and Euro Area Inflation may rise after hitting two-year lows in October.
OPEC Meeting
- OPEC will hold a crucial ministerial meeting, where decisions on production and output cuts will be closely monitored.
Friday, December 1
Automobile Sales
- Automobile manufacturers will release wholesale dispatch numbers for November. October 2023 saw record-high passenger vehicle sales during the festive season.
India, China Manufacturing PMI
- S&P Global will release Manufacturing PMI data for India, following an unexpected drop in October. Caixin China General Manufacturing PMI will also be released.
India Deposit and Bank Loan Growth
- The Reserve Bank of India will provide bank loan and deposit data for the fortnight ending November 17, showing increases in both during the period ending November 3.
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Stay informed!