Auto numbers, corporate earnings & global cues in spotlight

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Corporate earnings, trends in global stock markets, the movement of the rupee against the dollar and crude oil prices will dictate trend on the bourses in the near term. Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched.

Stock exchanges will remain open for an hour this Diwali for the ‘Muhurat’ trading session on 4 November 2021 from 6:15 PM to 7:15 PM. The muhurat trading session is held every year on the occasion of Diwali, for an hour.

Among key results, Indian Oil Corporation will declare its result on 30 October 2021. HDFC, IRCTC and Tata Motors will declare their September 2021 quarterly earnings on 1 November 2021. Bharti Airtel, HPCL, Sun Pharmaceuticals Industries will declare their September 2021 quarterly earnings on 2 November 2021. Eicher Motors, SBI will announce their September 2021 quarterly earnings on 3 November 2021.

On the macro front, Markit Manufacturing PMI for October will be declared on 1 November 2021. Markit Services PMI for October will be declared on 3 November 2021.

Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for October starting from 1 November 2021.

Overseas, China will announce the NBS Manufacturing PMI for October on 31 October 2021. China will announce the Caixin Manufacturing PMI for October on 1 November 2021.

The ISM Manufacturing PMI data for October will be announced on 1 November 2021.

The US Non Farm Payrolls data for October will be announced on 5 November 2021.

The Fed will begin its two-day policy meeting on November 2. The US Federal Reserve (Fed) will announce its interest rate decision after its two-day policy meeting on 3 November 2021.

The Fed is likely to detail at its meeting next week its plans to begin winding down its $120 billion-a-month bond-buying stimulus program and end the purchases by next June.