Stock market
The stock market and the budget have a very deep relationship. History is witness whether the stock market rises a lot on the day of the budget or a big decline! So what will happen after this time? Will the market decline increase or will it return again? Market expert says that there has been a big decline in the market before the budget. The Sensex has broken around 9500 points in the last 6 months. In such a situation, the market is waiting for a positive news. If there are some good announcements in the budget, then the market will return. Apart from this, next week the market moves will be decided by major events such as the decision on the interest rate of the US Federal Reserve, the upcoming general budget and the results of the companies in the third quarter. Santosh Meena, head of research head of Swastika Investmart Limited, said that all eyes are now on the general budget coming on February 1, as the market is positively waiting for a signal to change perception. The results of the third quarter are still faded, especially in consumption and financial sectors.
Investors will keep an eye on America
He said that the Federal Open Market Committee (FOMC) policy meeting will be important on the global front. In addition, it will be important to monitor the American bond reward and fluctuations in the dollar index. Meena said that the signs of reversal in these two areas can bring positivity to global markets. He said that for the Indian equity market, FII flow will play an important role. Analysts said that in addition to global factors, foreign investors’ stance, rupee-dollar exchange rate and crude oil will also affect business in the stock market.
The stock market will open this time on Saturday
The stock market will be open for business due to the introduction of general budget on Saturday, February 1, Saturday. BSE and NSE announced this last month. Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said that this week is important not only for equity markets but also for the economy, as the general budget is to be presented on February 1. Mishra said that many companies including Tata Steel, Bajaj Auto, Maruti, Tata Motors, ONGC and IndusInd Bank are going to release their quarterly results this week. He said that on the global front, major events such as the FOMC meeting in the US and the statement of the US President would also affect the market notion.
These factor will also affect the market
Siddharth Khemka, Head (Property Management) of Motilal Oswal Financial Services Limited, said that the results of the third quarter, the US President’s economic policies and the general budget on Saturday in a wide range with some fluctuations in domestic stock markets between the upcoming general budgets on Saturdays. Business is expected to be done. ”He said that before the budget, stocks based on Railways, Defense, Capital goods like PSUs and capital expenditure will be in focus. Last week, the BSE Sensex fell by 428.87 points or 0.55 percent, and the Nifty was 111 points or 0.47 percent.
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