Stock market
Last week, the Sensex rose by 3,395.94 points. At the same time, the National Stock Exchange’s Nifty rose 1,023.1 points. Investors earned a bumper earnings with a brilliant boom in the Shire Bazaar. In such a situation, will the market continue to rise in the split starting on Monday or will there be a decline. Siddharth Khemka, head (research) of Motilal Oswal Financial Services Limited, Siddharth Khemka said that the market may continue to rise this week, which will support positive signs such as FII purchases, inflation and expectation of good monsoon. However, he also warned that if the tension in the US fee policy increases, then the market could see instability.
Investors will keep an eye on these factor
The direction of domestic stock markets in the coming week will depend on several major factors, including the quarterly results of large companies, developments related to the US fee policy, and foreign portfolio investors (FPIs) activities. Experts believe that global market moves, crude oil prices and rupee conditions can also affect the market notion. Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said, “This week, investors will be eyeing the quarterly results of big companies like HCL Technologies, Axis Bank, Hindustan Unilever and Maruti. Also, any kind of movement will be monitored globally.” Market expert says that there are possibilities of market boom, but the global front cannot be ruled out if instability continues.
Infosys and HDFC Bank monitored
Shares of the country’s second largest IT company Infosys may remain in the headlines on Monday, as the company’s net profit in the March quarter has come down by 11.7% to Rs 7,033 crore. At the same time, HDFC Bank also released its results on Saturday, in which the bank’s net profit increased by 7% to Rs 18,835 crore. However, the bank has expressed concern over the pricing of housing and corporate loans, which can affect the debt growth. ICICI Bank has also announced a net profit of Rs 13,502 crore with an increase of 15.7% in the March quarter.
Latest business news
