Mumbai, April 19 (IANS). Next week is going to be important for the Indian stock market. US-Iran peace talks, quarterly results, crude oil prices and economic data will determine the trend of the domestic stock market.
Investors will keep an eye on peace talks between the US and Iran next week, as the two-week ceasefire implemented between the two is ending on Wednesday.
At the same time, the Strait of Hormuz has been closed again after opening for a short period. Because of this, there may be big fluctuations in the prices of crude oil in the coming time.
Results season is going on in India. Next week, companies like Groww, PNB Housing, HCLTech, Nestle India, Tata Investment, LTTS, SBI Life, Adani Energy Solutions, Infosys, Adani Green Energy and MRPL will release their Q4FY26 results.
Domestically, infrastructure output will be released on April 20, RBI monetary policy minutes on April 22 and PMI data on April 23.
The past one week was very good for the Indian stock market. During this period, Sensex closed at 78,493.54 with a rise of 943.29 points or 1.22 percent and Nifty closed at 24,353.55 with a rise of 302.95 points or 1.26 percent.
Broader markets performed well during this period. The Nifty Midcap 100 index closed at 59,898.20, up 2,054.25 points or 3.55 per cent, and the Nifty Smallcap 100 index closed at 17,565.70, up 725.60 points or 4.31 per cent.
Among the indices, Nifty India Defense was the top gainer with a gain of 4.20 per cent. After this, Nifty Energy (4.59 percent), Nifty Consumer Durables (4.29 percent), Nifty Metal (4.24 percent), Nifty PSE (4.08 percent), Nifty Media (3.77 percent), Nifty Realty (3.64 percent), Nifty Commodities (3.37 percent) and Nifty FMCG (3.04 percent) closed in the green.
–IANS
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