Mumbai, May 3 (IANS). Next week will be very important for the Indian stock market. Quarterly results, fluctuations in crude oil and economic data will play a big role in determining the movement of the stock market.
Next week, results for the fourth quarter of FY26 will be released by Ambuja Cements, BHEL, Exide Industries, Petronet LNG, Tata Chemicals, Heera MotoCorp, Jammu & Kashmir Bank, L&T, M&M, Punjab National Bank, Raymond, SRF, Bajaj Auto, Polycab, ShreeCement, BSE Limited, Goa Carbon and Bank of Baroda.
Apart from this, Manufacturing PMI data will be released on March 4 and Services and Composite PMI data will be released on May 6.
At the same time, crude oil will also be an important factor for the stock market next week, because the price of crude oil remains at a high level due to the closure of the Strait of Hormuz due to the Iran-America war. At present, Brent crude is around $108 per barrel and WTI crude is around $102 per barrel.
The Indian stock market closed in the green last week. During this period, Sensex was at 76,913.50 with a gain of 249.29 points or 0.33 percent and Nifty was at 23,997.55 with a gain of 99.60 points or 0.42 percent.
The index closed with losses of Nifty PSU Bank (3.87 per cent), Nifty IT (2.56 per cent), Nifty Financial Services (2.25 per cent), Nifty Private Bank (2.10 per cent), Nifty Services (2.05 per cent), Nifty Media (0.69 per cent) and Nifty PSE (0.19 per cent).
On the other hand, Nifty Oil & Gas (2.46 percent), Nifty Energy (1.94 percent), Nifty Pharma (1.22 percent), Nifty Infra (1.08 percent) and Nifty Commodities (0.91 percent) closed with strength.
On the other hand, there was mixed trading in midcap and smallcap. The Nifty Midcap 100 index closed 167.95 points or 0.28 per cent lower at 59,784.85 and the Nifty Smallcap 100 index closed 286.40 points or 1.62 per cent higher at 18,007.15.
–IANS
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