Analysts say Q4 earnings global trends major triggers for markets this week: Amidst the ever-increasing tension between Iran and Israel, the direction of the stock market will be decided this week by the quarterly results of companies and the activities of foreign investors. While giving this opinion, analysts also added that the market will also be affected by the movement of rupee against crude oil and dollar. Apart from this, the market will keep a close eye on the fluctuations in crude oil prices, as geopolitical events often affect them.
Investors will keep an eye on them
This week, investors will also keep an eye on the quarterly results of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti. Last week, BSE Sensex fell by 1,156.57 points or 1.55 per cent, while Nifty fell by 372.4 points or 1.65 per cent.
Expert opinion
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited said that this week is very important for the market amid the ongoing concerns regarding the conflict between Iran and Israel. He said that if tensions increase significantly, there is a risk of panic selling and increased volatility in global stock markets.
Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Limited, said that this week, along with global cues, the quarterly results of companies will be monitored. He said investors will also keep an eye on US manufacturing and services PMI data, US first quarter GDP and Japan’s monetary policy.