- India will release March retail inflation data on April 13, projected to rise to 3.4 percent
- Wholesale inflation and trade data for March will be out on April 15, assessing Iran war impact
- Wipro and major financial firms will announce Q4 earnings, with Wipro reporting on April 16
India heads into a pivotal week marked by key economic data releases, major corporate earnings, and significant political developments. Inflation figures, including retail and wholesale data for March, will offer insights into price trends, alongside trade data reflecting global pressures.
The corporate landscape will see several financial institutions and IT firms, notably Wipro, announce quarterly results. Meanwhile, a special parliamentary session will address the Women's Reservation Bill, signaling potential legislative change. Adding to the momentum, Austria's Chancellor will visit India, highlighting efforts to strengthen cooperation and economic ties with another European Union country.
The developments around the US-Iran ceasefire will also be closely tracked.
Indian capital markets will be shut on Tuesday, April 14, to mark Ambedkar Jayanti. Many communities in the country will celebrate their new year as per the Hindu calendar.
Macro Data
The government will release the Consumer Price Index-based retail inflation data for March on Monday, April 13. Economists tracked by Bloomberg project inflation to rise to 3.4% from 3.21% in February.
On Wednesday, April 15, the Wholesale Price Index-based inflation data will be released. The projection for March is 3.6% compared to 2.13% the previous month.
The government will also release the trade data for March and the whole fiscal 2026 on Wednesday. The impact of the Iran war that started on Feb. 28 on India's imports and exports will be assessed.
Earnings This Week
Nearly a dozen large companies will announce their March quarter results this week. The most awaited one will be Wipro Ltd. on Thursday, April 16. The company will only be the second IT major to release earnings report after Tata Consultancy Services Ltd. last week.
The second week of the Q4 season will be dominated by financial companies. In the pipeline are HDB Financial Services Ltd., ICICI Prudential Asset Management Co., ICICI Prudential Life Insurance Co., ICICI Lombard General Insurance Co., HDFC Asset Management Co., HDFC Life Insurance Co., Angel One Ltd., HDFC Bank Ltd., ICICI Bank Ltd, and Yes Bank Ltd.
Special Parliament Session
Prime Minister Narendra Modi announced that Parliament will convene for a "historic" session on April 16, to deliberate on the landmark Women's Reservation Bill. Modi appealed to all members of Parliament for their presence at the session and to show support for the Nari Shakti Vandan Adhiniyam, which will reserve 33% of seats in the Lok Sabha and state assemblies.
The amendments seek to disconnect women's reservation from the pending census and delimitation exercise by using 2011 Census data, thereby hastening the act's enactment.
Austrian Chancellor In India
Austrian Chancellor Christian Stocker will pay his first official visit to India from April 14-17. He will be accompanied by a high-level delegation comprising Federal Minister of Economy, Energy and Tourism Wolfgang Hattmannsdorfer, senior officials and business leaders.
During the visit, Prime Minister Narendra Modi and Stocker will hold discussions on strengthening bilateral cooperation across a wide range of areas. They will also exchange views on regional and global issues of mutual interest, including cooperation in multilateral fora. Prime Minister will host a lunch in honour of the visiting dignitary.
ALSO READ: Parliament To Hold Historic Session On Women's Reservation Bill, Modi Urges Support
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