Week Ahead: All Eyes on TCS as Earnings Season Kicks Off; US FOMC Minutes to Dictate Market Mood

Mumbai, July 5: The coming week is lined up with key domestic and global events that could influence market sentiment. The June-quarter earnings season will begin in earnest with TCS reporting its results, alongside Anand Rathi Wealth, GM Breweries, L&T Finance and LTM. Investors will also track major global macroeconomic indicators, including the US ISM Services PMI, the minutes of the Federal Reserve’s latest policy meeting, China’s inflation and producer price data, US existing home sales, and Japan’s household spending and producer inflation figures.

Back home, board meetings at LIC Housing Finance and Trident will be on investors’ radar for any corporate announcements. Dividend-focused investors will also keep an eye on a packed ex-dividend calendar, with stocks such as Sundaram Finance, JSW Steel, Sun Pharmaceutical Industries, Titan Company, Axis Bank, Nestle India, Hindalco Industries and Dr Reddy’s Laboratories set to trade ex-dividend during the week.

India’s weekly bank loan and deposit growth data, along with China’s vehicle sales figures, will also be watched for insights into economic activity and demand trends. Together, the earnings announcements, macroeconomic releases and corporate actions are expected to provide cues for market direction in the week ahead.

Monday, July 6

– US ISM Services PMI: The services sector activity report will be closely watched for fresh insights into the health of the US economy and the Federal Reserve’s policy outlook.
– LIC Housing Finance board meeting: The company’s board is scheduled to meet to consider corporate matters, which investors will monitor for any key announcements.
– Trident board meeting: Investors will watch for any significant decisions or corporate actions emerging from the board meeting.
– Sundaram Finance (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 24 per share.

Tuesday, July 7
– Japan household spending: The data will provide a snapshot of consumer demand in Japan, the world’s fourth-largest economy.
– JSW Steel (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 7.10 per share.
– Sun Pharmaceutical Industries (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 5 per share.

Wednesday, July 8
– US FOMC minutes: Investors will parse the minutes of the Federal Reserve’s latest policy meeting for clues on the future path of interest rates.
– Mphasis (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 62 per share.
United Spirits (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 11 per share.

Thursday, July 9
– China inflation: Consumer inflation data will offer insights into demand conditions in the world’s second-largest economy.
– China PPI: Producer price inflation figures will be tracked for signs of pricing pressures at the factory gate.
– US existing home sales: The data will provide a gauge of activity in the US housing market.
– Titan Company (Ex-dividend): Shares will trade ex-dividend for a dividend of Rs 15 per share.
– TCS Q1 results: India’s largest IT services company will kick off the earnings season, with commentary on demand, AI spending and the deal pipeline in focus.
– Anand Rathi Wealth results: Investors will watch for growth in assets under management, client additions and profitability.
– GM Breweries results: Quarterly earnings will be monitored for sales trends and margin performance.

Friday, July 10
– Japan PPI: Producer inflation data will provide clues on input cost pressures facing Japanese manufacturers.
– China vehicle sales: Auto sales figures will offer a read on consumer demand and the health of China’s automobile market.
– India loan and deposit growth: Weekly banking data will be tracked for trends in credit demand and deposit mobilisation.
– Apollo Tyres (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 2.50 per share.
– Axis Bank (Ex-dividend): Shares will trade ex-dividend for a final dividend of Re 1 per share.
– Dr Reddy’s Laboratories (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 8 per share.
– Hindalco Industries (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 5 per share.
– JK Cement (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 20 per share.
– JSW Cement (Ex-dividend): Shares will trade ex-dividend for a dividend of 50 paise per share.
– Nestle India (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 5 per share and a special dividend of Rs 2 per share.
– Sobha (Ex-dividend): Shares will trade ex-dividend for a dividend of Rs 6 per share.
– ZF Commercial Vehicle Control Systems India (Ex-dividend): Shares will trade ex-dividend for a final dividend of Rs 4 per share.
– L&T Finance results: Investors will watch the NBFC’s earnings for trends in loan growth, asset quality and margins.

Saturday, July 11
LTM results: Investors will monitor the company’s quarterly earnings for updates on financial performance and management commentary.