Market Outlook This Week: The move of the Indian stock market will be determined by major events such as the interest rate decisions of the US Federal Reserve, the upcoming general budget and the results of companies in the third quarter. Apart from this, global factors, foreign investors’ stance, rupee-dollar exchange rate and crude oil will also affect business in the stock market. Analysts have expressed this opinion.
Investors will keep an eye on these
This week, all companies including Tata Steel, Bajaj Auto, Maruti, Tata Motors, ONGC and IndusInd Bank are going to release their results for the December quarter of the current financial year.
What do experts say?
Santosh Meena, head of research from Swastika Investmart Limited, said, “Now everyone’s eyes are on the general budget coming on February 1, as the market is waiting for a signal to change the perception positively. The results of the third quarter are still faded, especially in consumption and financial sectors. ”He said that the Federal Open Market Committee (FOMC) policy meeting will be important on the global front. In addition, it will be important to monitor the fluctuations in the American bond yield and dollar index.
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Meena said that signs of reversal in these two areas can bring positivity to global markets. He said that for the Indian equity market, FII flow will play an important role. The stock markets will be open for business due to the introduction of general budget on Saturday, February 1, Saturday. BSE and NSE announced this about this last month.
Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said that this week is important not only for equity markets but also for the economy, as the general budget is to be presented on February 1. Mishra said that many companies including Tata Steel, Bajaj Auto, Maruti, Tata Motors, ONGC and IndusInd Bank are going to release their quarterly results this week. He said, “On the global front, major events like FOMC meeting in the US and the statement of the US President will also influence the market notion.”
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Siddharth Khemka, Head (Property Management) of Motilal Oswal Financial Services Limited, said, “The results of the third quarter, the US President’s economic policies and the general budget on Saturday, a comprehensive with some fluctuations in domestic stock markets amidst the upcoming budget Business is expected to be done within the realm. ”He said that before the budget, there will be stock focus based on railway, defense, capital goods like PSUs and capital expenditure.
