Market Outlook this week: The direction of Indian stock markets will be decided this week by the quarterly results of many big companies including HDFCBANK, ICICIBANK, announcements after the swearing-in as US President and the activities of FIIs. Analysts have expressed this opinion. On Monday, Donald Trump will take oath as President of America for his second term.
Investors will keep an eye on them
During the week, many big companies including Bharat Petroleum Corporation (BPCL), HDFC Bank, Hindustan Unilever, Dr Reddy’s, UltraTech Cement, JSW Steel and ICICI Bank will announce their December quarter results. Apart from this, the conflict between foreign institutional investors (FIIs) and domestic institutional investors (DIIs) is also increasing the complexity of the market.
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Experts’ opinion
“As the quarterly results season progresses, investors’ focus is expected to focus on the upcoming Union Budget, which will outline the government’s economic and fiscal stance for the year,” said Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd. Will do. Market participants will keep a close eye on policy measures, fiscal allocations and development initiatives. He said that on the global front, all eyes are on Donald Trump. Trump will formally take oath as the 47th President of America on January 20. He is returning to the White House again. Experts said that global crude oil prices and movement of rupee against dollar will also be important for the direction of the market.
Siddharth Khemka, Head of Research-Wealth Management, Motilal Oswal Financial Services Limited said, “The results for the third quarter are in progress. In such a situation, there will be fluctuations in the domestic stock market. Some stock specific activities may be seen. Investors will keep an eye on the quarterly results of the companies and management’s comments. He said that the policy announcements after Trump takes oath as President will greatly influence the market sentiment globally. Last week, the 30-share BSE Sensex fell 759.58 points or 0.98 percent. At the same time, a decline of 228.3 points or 0.97 percent was recorded in the Nifty of the National Stock Exchange.
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Religare Broking Ltd. Ajit Mishra, Senior Vice President-Research, said, “Going forward, we expect the market to remain cautious this week due to several domestic and global factors. During the week, quarterly results of big companies like Hindustan Unilever, HDFC Bank, ICICI Bank, BPCL and Hindustan Petroleum are coming, on which everyone’s eyes will be. Mishra said that apart from this, Donald Trump is taking oath on January 20. . After assuming power, everyone will be watching for the announcement of trade tariffs and its impact on global trade.
