Stock Market This Week: A bullish atmosphere was seen in the Indian stock market in the trading week starting from January 29. Till the last trading day, Sensex closed with a rise of 0.92 i.e. 654.48 points and Nifty closed with a rise of 1.43 percent i.e. 307.50 points. In such a situation, it is expected that a bullish phase may be seen once again in the trading week starting from Monday. It is being told that the direction of local stock markets will be decided this week by the quarterly results of big companies, global trends and the decision of the Reserve Bank of India on interest rates.
Investors’ activities will be important
Analysts say that after the interim budget and the policy decision of the US central bank, now the focus of market participants is on the monetary policy review of the central bank. Pravesh Gaur, senior technical analyst at Swastika Investmart, said that on the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled to be held on February 6-8. Everyone will also keep an eye on the third quarter results of the companies. This week Bharti Airtel, Power Grid, Nestle, Lupine and Tata Power will announce their quarterly results. He said that apart from this, market participants will also keep an eye on the movement of rupee against the dollar and the prices of crude oil. Besides, the activities of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) will also be important.
Results of many big companies will come
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services, said that now after the results of the US Federal Reserve meeting and the interim budget, all eyes will be on the monetary review meeting of RBI this week. Last week, the 30-share BSE Sensex gained 1,384.96 points or 1.95 percent. At the same time, Nifty of National Stock Exchange rose by 501.2 points or 2.34 percent. On Friday, Nifty reached its all-time high of 22,126.80 points. Arvinder Singh Nanda, Senior Vice President, Master Capital Services, said that now the focus of the market will be on the results of the third quarter of the current financial year. In the coming days, many companies like Ashok Leyland, Bharti Airtel, Apollo Tyres, Nestle, Grasim, LIC will declare their results.
The boom in the American market will have an impact
Religare Broking Ltd. Senior Vice President Ajit Mishra said that we estimate that there will be a lot of volatility in the market this week. Everyone’s eyes will be on the quarterly results of companies and the monetary review meeting of the Reserve Bank. On the global front, we estimate that the boom in the US market will also strengthen the local stock markets.
,with language input,