The momentum may sustain despite possible intermittent consolidation and correction in the coming week, with focus on the inflation print both in India and the US, while there will be some stock-specific actions as the corporate earnings season begins next week
Electronics manufacturing services and solutions provider Cyient DLM looks set for a big-bang debut on July 10. Its final issue price has been fixed at Rs 265 a share
The market in the coming week will first react to June auto sales numbers announced over the weekend and further updates related to HDFC-HDFC Bank merger effective from July 1.
The second half of the year is expected to see a number of companies launching their initial public offerings (IPOs). Senco Gold, PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription. Senco Gold s IPO will open on July 4, while PKH Ventures IPO began on June 30. In addition, four SMEs will also bring their public issues this week. Alphalogic Industries IPO will open on July 3, and Global Pet Industries, Tridhya Tech, and Synoptics Technologies IPOs will close on July 3, July 5, and July 5, respectively.
The markets in the coming week are expected to react to the June auto sales numbers that were released over the weekend and the HDFC-HDFC Bank merger that will be effective from July 1.