Inflation data, Q2 results may keep equities jittery

Mumbai:  Macro-economic inflation data along with the second quarter financial results are expected to turn the Indian equity markets volatile during the coming week.
The Indian rupee’s movement against the US dollar in the backdrop of Brexit and impact of rising geo-political tensions in the Middle East and its effect on crude oil prices may also affect the investor sentiments.
Hindustan Unilever, ACC, Multi Commodity Exchange of India, Wipro, Mindtree, Cyient, TVS Motor, Ambuja Cements, Reliance Industries and several others are likely to announce their Q2 earnings results during the week, starting October 14.
“Developments over the missile strike on Iranian tanker, Narendra Modi-Xi Jinping summit in Chennai and Brexit issue will sway the investor sentiments,” said Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services.
“Over the next few days, few heavyweights will be announcing results, which could keep the markets volatile,” Khemka said.
According to Vinod Nair, Geojit Financial Services’ Research Head, the preview analysis of Q2 result is muted due to no real increase in demand and prices, which may impact the market performance during the month.