Rudra Investment Provide Best Nifty Tips, Next week the stock market moves together to decide the monetary policy committee's decision of the Reserve Bank of India (RBI) and domestic and global macroeconomic data. At the same time, investors have seen quarterly results of major companies, movements of monsoons, trend of global markets, monsoon movements, foreign portfolio investors (FPIs) and investments made by domestic installer investors (DII), money moves against the dollar and Crude oil prices will also remain.
The monetary policy committee meeting of the RBI will be held on July 31 and August 1. This will be the third bi-monthly meeting for the financial year 2018-19. The information on MPC's decision will be issued on August 1 at 2:30 pm. In its last meeting on June 6, the RBI had hiked key interest rates by 0.25 percent and repo rate increased by 6.25 percent and the reverse repo rate was 6.00 percent and the bank rate was 6.50 percent.
Rudra Investment Best Nifty Tips experts says the major companies whose results will come next week. Among them, NTPC will release the financial results of its April-June quarter on July 28. Axis Bank, HDFC, Idea Cellular, Tech Mahindra, IDFC and Mr. Cement will announce the results of their April-June quarter on July 30.
The results of the April-June quarter of Bank of India, Dabur India, Power Grid Corporation of India, Tata Motors, Vedanta will be announced on July 31. Reliance Infrastructure will announce the results of its April-June quarter on August 1.
The results of the April-June quarter of Indiabulls Housing Finance and Marico will be announced on August 2. Nestle India and Titan Company will announce the results of its April-June quarter on August 3.
On the economic front, the June figure of the country's infrastructure production will be announced on Tuesday (July 31). The country's infrastructure production recorded an increase of 3.6 percent on a year-on-year basis in May, compared to 4.6 percent in April.
July figure of the manufacturing PMI Index, which will give information on the manufacturing sector, will be announced on August 1. The Nikkei India Manufacturing PMI index was at a high level of 53.1 in June, compared to 51.2 in the previous month.
In the Nikkei index, the index above 50 and the index of less than 50 indicates a slowdown.
Statistics of the Nikkei's July Services PME Index will be announced on Friday (August 3). Nikkei India Services PMI increased by 52.6 in June and it was 49.6 in May.
On the global front, the US Federal Reserve will issue its decision on interest rates on Wednesday. The US non-agricultural wage figure of July will be released on Friday (August 3). The July figure of US unemployment will be released on Friday (August 3). In June, the US unemployment rate was 4%, which was 3.8% in May.
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