The direction of the stock market will be decided by the quarterly report cards of companies and activities of foreign investors.

New Delhi, November 5 (Language) Quarterly report card of domestic companies, global trends and activities of foreign investors will decide the direction of the stock markets this week. Analysts have expressed this opinion.

Apart from this, investors will also keep an eye on the price of crude oil globally and the movement of rupee against the dollar.

Santosh Meena, head of research, Swastika Investmart, said, “On the domestic front, the second quarter results of companies will be very important from the market point of view. If foreign institutional investors (FIIs) remain net buyers, this may further support the market rally.

“Although geopolitical concerns remain, they have had limited impact on the overall market sentiment,” Meena said. The engagement of global markets will be important to maintain this positive sentiment.

On the macroeconomic front, Industrial Production (IIP) data will be announced after market close on Friday.

Arvinder Singh Nanda, Senior Vice President, Master Capital Services, said, “Macroeconomic developments on global and domestic front, stance of domestic institutional investors (DIIs) along with FIIs, crude oil reserves, movement of rupee against dollar, US bond yields. , Israel-Hamas conflict and second quarter results will play an important role in determining the direction of the market this week.

Nanda said that in the coming days, some big companies like HPCL, NHPC, IRCTC, Power Grid, Tata Power, Ashok Leyland, Coal India, Hindalco, LIC, Mahindra & Mahindra and Tata Chemicals will announce their quarterly results.

Last week, the 30-share BSE Sensex gained 580.98 points or 0.91 percent. At the same time, Nifty of National Stock Exchange registered a gain of 183.35 points or 0.96 percent.

The Sensex closed 282.88 points or 0.44 per cent higher at 64,363.78 on Friday. Nifty hit 19,230.60 with a gain of 97.35 points or 0.51 per cent.

Vinod Nair, Head of Research, Geojit Financial Services, said, “Strong global indicators, stable macroeconomic data and better results from domestic companies have strengthened the market. Apart from this, the indication of no further increase in interest rates by the Federal Reserve and the fall in crude oil prices have also increased the confidence of investors.

Language Ajay Ajay


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