Key events, economic data, corporate actions and technical levels for the upcoming week
Weekly Summary: Nifty 50 declined 0.60% last week, closing at 25,722.10. The market faced selling pressure with IT and banking stocks leading the decline. The index showed volatility throughout the week with negative bias.
The Indian stock market faces a holiday-shortened week with key economic data releases and significant corporate actions. Markets will remain closed on Wednesday for Guru Nanak Jayanti. Investors should watch for Manufacturing and Services PMI data, FII/DII activity, and global market cues that will drive sentiment. Technical indicators suggest the Nifty 50 is in a consolidation phase after recent gains.
| Date | Event Type | Event Details | Impact / Significance |
|---|---|---|---|
| Monday, Nov 3 |
Economic Data
|
Manufacturing PMI Data (October) Oracle Financial Services - Ex-dividend (2600% dividend) |
Key indicator of industrial activity; High dividend stock may see price adjustment |
| Tuesday, Nov 4 |
Corporate Action
|
Mazagon Dock Shipbuilders - Ex-dividend (120% dividend) | Defense sector stock with dividend payout; Price adjustment expected |
| Wednesday, Nov 5 |
Market Holiday
|
Prakash Gurpurb (Sri Guru Nanak Dev Jayanti) |
BSE & NSE closed; No trading in equity, derivative, or currency markets |
| Thursday, Nov 6 |
Economic Data
|
Services PMI Data (October) | Critical indicator of services sector health; Major component of GDP |
| Friday, Nov 7 |
Corporate Action
|
Hindustan Unilever - Ex-dividend (1900% dividend) | FMCG major with significant dividend; Price adjustment expected |
Consider sector rotation with focus on banking and auto stocks showing relative strength. Maintain cautious approach towards IT and pharma sectors. For traders, range-bound strategy with strict stop losses recommended. Long-term investors can use dips to accumulate quality stocks.
Unexpected FII outflows, sharper-than-expected global market corrections, adverse geopolitical developments, and volatile crude oil prices remain key risk factors. The holiday-shortened week may see lower liquidity and higher volatility around key technical levels.
Overall Market Sentiment: The market sentiment is cautiously optimistic with focus on domestic economic data and global cues. The Nifty is expected to trade in a range with bias towards consolidation. Stock-specific movements likely to dominate amid ongoing corporate actions and earnings season.
This article is for educational purposes only and does not constitute investment advice. The market data and analysis mentioned are based on technical analysis and market observations. Always verify current market conditions from official sources before investing. Stock market investments carry risks including liquidity risk, volatility, and capital loss risk. Always do your own research and consider consulting with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.