How will the stock market move this week? Analysts at Samco Securities, Religare Broking and Geojit Financial Services have given their views on this. Analysts say that the quarterly results of the companies and the global trend will decide. Apart from this, the Russia-Ukraine war and the situation of COVID-19 in China will also decide the future course of the market. Let us tell you that after the last week of long holidays in the stock markets, trading activities will resume on Monday.
Samco Securities Estimates
Yesha Shah, Head of Equity Research, Samco Securities, said, “With no major developments on the domestic and global front, the market direction this week will be determined by the earnings of companies. Stock specific movements can be seen in the market. ”Inflation data based on the Wholesale Price Index for March will come on Monday.
What experts at Geojit Financial Services say: Vinod Nair, Head of Research, Geojit Financial Services, said, “With the onset of the income season, the domestic market may witness sector-specific activity in the coming days.”
Opinion of Religare Broking
Ajit Mishra, vice-president-research, Religare Broking Ltd., said, “The market will react on Monday on the quarterly results of two major players, Infosys and HDFC Bank.” The figures will come.
FPI pulls out Rs 4,500 crore from markets
Foreign investors pulled out over Rs 4,500 crore from Indian stock markets last week, taking a cautious approach amid fears of an aggressive rate hike by US central bank Federal Reserve. Earlier, during April 1 to 8, foreign portfolio investors (FPIs) had made a net investment of Rs 7,707 crore in the Indian market. At that time, due to the ‘correction’ in the market, FPIs got a good buying opportunity.
According to depository data, FPIs made a net withdrawal of Rs 4,518 crore from the Indian stock markets during the short holiday trading week on April 11-13. FPIs were net sellers during the week on fears of an aggressive rate hike by the US central bank.