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Indian equity markets had reported modest gains during last week. In the week ended July 6, 2018, S&P BSE Sensex rose 0.66 per cent, while Nifty 50 gained 0.54 per cent. Small and mid-cap indices underperformed the Sensex as they fell 0.17 per cent and 0.38 per cent, respectively.
In the coming week, performance in June 2018 quarter, macroeconomic data, progress of monsoon and global events will dictate the trend. IndusInd Bank and TCS will declare their June 2018 quarter results on July 10th, while Infosys will announce its results on July 13th.
On the macro front, the government will announce the industrial production data for May 2018 on July 12th. India's industrial output grew 4.9 per cent year-on-year in April 2018.
The India Meteorological Department in its report on July 5 had said that for the country as a whole, cumulative rainfall during this year's monsoon from July 1 to 4 has been 7 per cent below the long-period average.
Geopolitics will remain in focus and developments in trade spat between the US and China will be closely watched. US had moved ahead with $34 billion worth of duties on Chinese products on July 6, and China had retaliated with its own tariffs. President Donald Trump had reportedly said on Thursday that an additional $16 billion tariffs on China could come in the next two weeks.
US non-farm payrolls data and US unemployment rate for June 2018 were unveiled after market hours on Friday.
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