IIP, Fiscal Deficit, PMI, HDB Financial Services Listing And More: The Week Ahead

The upcoming week will see the latest print of the purchasing managers' index and trade deficit data release after the stock markets end the week nearly 2% higher. This is the best weekly gain in the last six weeks.

The week will also see a barrage of listings after last week's rush of IPOs

During the week, the market successfully cleared the crucial resistance zone of 25,300, and post-breakout, it intensified its positive momentum, according to Amol Athawale, vice president of technical research at Kotak Securities. "Now 25,500–25,300 would act as crucial retracement support zones."

Markets This Week

Indian benchmark equity indices closed with gains on Friday, led by share prices of Jio Financial Service Ltd. and Asian Paints Ltd.

The NSE Nifty 50 ended 88.80 points, or 0.35% higher at 25,637.80, while the BSE Sensex closed 303.03 points, or 0.36% up at 84,058.90. During the day, Nifty rose 0.41% to trade at 25,654.20 and the Sensex advanced 0.40% to 84,089.35.

Nifty clocked its best weekly gain in the last six weeks. Both benchmark indices jumped by 2%, led by financial services stocks. Nifty Metal emerged as the top sectoral gainer, marking its highest rise since May 2025. Nifty Media and Metal sectors both gained over 4% for the week, showcasing strong performance.

Adani Enterprises Ltd. saw an impressive 8% gain, ending the week among the top gainers. Nifty Smallcap 250 registered a 4.3% increase, its best weekly gain since May 2025. Meanwhile, Nifty Midcap 150 rose by 2.6%, with Vodafone Idea jumping over 12% for the week.

Domestic Cues

Among important events, the Nikkei S&P Global Manufacturing PMI and Nikkei Services PMI will be released on Thursday. Trade balance, exports and import data is expected to be released on Monday.

The foreign exchange data, which is released every Friday, will also be released.

Additionally, the industrial production and manufacturing output data will be released on Monday.

Global Cues

US initial jobless claims, crude oil inventories, manufacturing PMI, services PMI are among some of the important data that investors will look out for in the coming week. The US will also release its S&P Global Composite PMI and continuing jobless claims this week.

Another major even to watch includes the speech of Federal Reserve Chair Jerome Powell. Among important speakers for the week are Federal Reserve Bank of Atlanta President Raphael Bostic.

Europe is also expected to release date on trade deficit in addition to its Manufacturing PMI, S&P Global Composite PMI and Services PMI.

APpart from these the markets will also keep an eye on trade agreement updates as the US tariffs are set to resume on July 9. Investors will also keep a close monitor on Israel-Iran as it is likely to dictate market movement.

Primary Market Action

The coming week will see a veritable flood of new initial public offerings. Following on from last week's rush of IPOs. There will be 15 IPOs, with two mainboard IPOs and 13 small and medium enterprise IPOs.

The mainboard segment will see Crizac Ltd., and Indogulf Cropsciences Ltd., close their public issues on June 30 and July 4.

The mainboard segment is set for an action-packed start to the week, with six companies gearing up for their market debut. Kalpataru, Ellenbarrie Industrial Gases, and Globe Civil Projects are slated to list on Tuesday, July 1. Adding to the momentum, the highly anticipated IPOs of HDB Financial Services and Sambhv Steel Tubes are scheduled for listing on Wednesday, June 2. Rounding off the week, Indogulf Cropsciences is tentatively expected to make its debut on Thursday, July 3.

Corporate Actions

This week brings a packed calendar of corporate actions, featuring a host of dividend declarations, stock splits, and rights issues across several companies.

Among the key players to watch are Tech Mahindra Ltd. and Escorts Kubota Ltd., both of which have important record dates approaching.

While Axis Bank, Bharat Forge, Biocon, Nestle, Mahindra & Mahindra and Welspun Enterprises will trade ex-dividend in this week, Container Corporation is going to allocate bonus shares in a 1:4 ratio.

Additionally, Paras Defence and Space Technologies will split its shares from a face value of Rs 10 to Rs 5 each, with an ex-date of July 4.