Stock market
The country’s general budget has been presented on 1 February. Despite being Saturday, the stock market remained open on this day. However, the market did not see much ups and downs and this flat was closed. Investors have got weekends to analyze the budget. Now the question is, how will the stock market be this week? Let us know what experts say. This week, the stock market’s stance will be decided by RBI’s decisions on interest rate, quarterly income of companies and global trends. According to analysts, the impact of the general budget may continue this week as well. He said that business activities of foreign investors will also affect the stock markets.
PMI will be released on Monday
Siddharth Khemka of Motilal Oswal Financial Services Limited said, “The PMI of the US and India will be released on Monday for January, which is an important comprehensive economic figure. Investors will study budget documents closely and the market will also be focused on the earnings of companies. Apart from this, the monetary policy of RBI to be announced on Friday will also be monitored. ”
Results of these companies will come
This week, Asian Paints, PC Jeweler, Tata Power, Titan, Apollo Tires, Bharti Airtel, ITC, SBI, LIC, M&M and NHPC will have quarterly results. Prashant Tapse, Senior Vice President (Research), Mehta Equality Limited, said, “The question is whether the RBI will soften its stand and this week’s monetary policy will be cut in interest rates?” However, investors also need to monitor global developments, as the increase in sales of American bond yields and foreign institutional investors (FII) can weaken the market sentiment. ”
Need to stay a day or two to understand the impact of the budget on the market
He said that investors will also keep an eye on manufacturing and service PMI data. Osho Krishnan, senior analyst at Angel One’s Technical and Future-Opposition Trading, said, “This week the results of RBI-MPC, Delhi Assembly elections and American fees hike activities are to be held several important events. These may cause some instability. ”Krishnan further said that the budget has arrived, but the FII participation on Saturday was very low, so their actual response is expected to come on Monday. One or two days need to be stopped to understand the impact of the budget on the market.
(With PTI/language input)
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