Market Outlook this week: In the week with less trading sessions, the direction of the stock market will be decided by the interest rate decisions of the US Central Bank, quarterly results of companies and global trends. Analysts have expressed this opinion. Apart from this, factors like foreign investors trading activities, global oil benchmark Brent crude and rupee-dollar trends will also affect the business. Domestic stock markets will remain closed on Wednesday on the occasion of Maharashtra Day.
Investors will keep an eye on them
This week, the results of Tata Chemicals, Central Bank of India, IOC, Adani Power, Adani Enterprises, Adani Green Energy, MRF and Titan are to come. Apart from this, monthly auto sales figures will be announced by vehicle companies in the beginning of May. Interest rate decisions are also to be taken by the US Central Bank Federal Reserve this week. Investors will keep an eye on all these important figures.
Experts’ opinion
Santosh Meena, Head of Research, Swastika Investmart Limited, said that domestically, the fourth quarter results will give direction to certain stocks. He said monthly auto sales figures will be announced in early May and the next phase of voting will be important. Santosh Meena said that on the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting to be held on May 1 will be important. Apart from this, along with the economic data released from China and America, the movements in the global currency market will also affect the market.
Vinod Nair, head of research at Geojit Financial Services, said that the upcoming US Federal policy, US non-farm payroll data will impact the global market. Apart from this, the markets will be affected by the quarterly results on the domestic front.