The quarterly results of these companies including Reliance Industries, Bajaj Auto and global trends will decide the market direction this week, expert opinion

Market Outlook this week:Reliance Industries, Bajaj Auto,The quarterly results of several major companies including Infosys, global trends and activities of foreign investors will determine the direction of the market this week. Analysts have expressed this expectation about the stock markets in this week with fewer trading sessions. Analysts believe that the June domestic inflation rate data, Wholesale Price Index (WPI) coming on Monday, will also affect the Indian stock market. The markets will remain closed on Wednesday due to Muharram.

Investors will have to keep an eye on these

This week, big companies like HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys and Reliance Industries will release the results of the first quarter of the current financial year. Apart from this, pre-budget discussions are also likely to cause volatility in the Indian stock market. Apart from domestic level activities, investors will have to keep an eye on international factors like the statement of the Chairman of the US Federal Reserve, US retail sales data, Japan’s macroeconomic data and mainly China.

Also read: Common man is still not relieved from inflation, vegetable prices are continuously increasing in monsoon, check rates

What do the experts say?

Santosh Meena, Research Head of Swastika Investmart Limited, says that this week the main focus will be on the first quarter results. During this time, big companies like Infosys and Reliance are going to release their results. Meena said that on the global front, there will be a special focus on China. Other global factors should also be monitored, including the statement of the US Federal Reserve Chairman, US retail sales data and Japan’s macroeconomic data.

Siddharth Khemka, Retail Research Head, Motilal Oswal Financial Services Limited, says that the market will react to India’s inflation rate data on Monday. The major results of this week include Jio Financial Services, HDFC Life, Asian Paints, LTI Mindtree, Infosys, Wipro, JSW Steel, Paytm etc. According to government data released on Friday, retail inflation rose to 5.08 percent in June, as the prices of all food items including vegetables have increased.

Vinod Nair, Research Head of Geojit Financial Services, said that some specific stocks will affect the market due to quarterly results. He said that during this period, the IT sector is expected to remain in the headlines.