share next week Will the market rise continue or will the decline return? How will the market move? If you are a stock market investor then you must be looking for answers to these questions. Let us tell you that the movement of the stock market next week will be influenced by global trends, macroeconomic data and quarterly results of companies. TCS results will be released on 12th April. Stock markets will remain closed on Thursday on the occasion of Eid-ul-Fitr.
These factors will also affect the market
Traders said that the attitude of foreign investors, rupee-dollar trends and fluctuations in crude oil prices will also decide the direction of the market. “Indian companies will start announcing fourth quarter financial results this week,” said Santosh Meena, head of research at Swastika Investmart Ltd. In this sequence, IT services company TCS is the first to declare its results. TCS results will be released on April 12.
Industrial production figures will come on April 12
He informed that India’s industrial production data will also be announced on April 12 and inflation for March will be announced on the same day. Meena said investors will closely monitor the movement of rupee against the dollar, crude oil prices and investment activities of foreign institutional investors (FIIs) and domestic institutional investors (DIIs).
There was a good rise in the market last week
The BSE benchmark rose 596.87 or 0.81 per cent last week. The index reached an all-time high of 74,501.73 on April 4. Ajit Mishra, Senior Vice President (Technical Research), Religare Broking Ltd, said that quarterly results will start coming this week and everyone’s focus will mainly be on IT stocks.
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