Investors will keep an eye from interest rates to corporate results, the market will get a shock or will support next week?
monday The new week starting from the stock market is going to be very important for investors. RBI’s decisions at interest rate, quarterly results of several major companies and market moves will depend on fee news. In addition, business activities of foreign investors and trends of global equity markets will also affect investors’ notion. Ajit Mishra, Senior Vice President (Research), Railor’s Broking Limited, said that at the domestic level, all eyes will be on the monetary policy meeting of the Reserve Bank of India, where the central bank’s comments on inflation, cash and growth will be closely monitored. The results of major companies like Bharti Airtel, DLF, Bajaj Auto, Hero MotoCorp, Tata Motors, State Bank of India and Life Insurance Corporation are on the income front. The market is expected to continue the ups and downs next week.
These factor will also affect the market
Mishra said other important factors include HSBC service and overall PMI announcement, crude oil prices fluctuations and US stance on trade talks. All these can affect market movements in the near future. Trade concerns and frequent selling of foreign investors further increased disappointment in markets last week. Pravesh Gaur, Senior Technical Analyst at Swastika Investmart Limited, said the RBI policy meeting on August 6 will be an important event amidst the increased instability from global and domestic factors.
The quarterly results of these companies will come
He said that in the meantime, the results of several major companies including Adani Ports, Bharti Airtel, Bajaj Auto, Hero MotoCorp, Trent, Titan, State Bank of India and Tata Motors are coming, which may accelerate share-specific activities. Last week, the BSE Sensex fell 863.18 points or 1.05 percent and NSE Nifty fell 271.65 points or 1.09 percent. VK Vijaykumar, the main investment strategist at Geojit Investments Limited, said that US President Donald Trump’s decision to impose 25 percent fee on Indian goods and fines them for energy and defense trade with Russia was unpredictable. This has affected the perception of the market in the short term.
Expectation of market boom
Siddharth Khemka, Head (Property Management) of Motilal Oswal Financial Services Limited, said the US fee is expected to remain strong amidst the implementation of US fee, mixed results and increasing FIIs so far.
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