Market Outlook for this Week: Analysts say that this week the eyes of investors will be on global trends, inflation data and quarterly results of companies.
Market Outlook for this Week: The local stock markets are expected to remain volatile this week amid the prospect of a hike in interest rates in the US and geopolitical concerns. Analysts say that right now the business in the market will remain in a range. Along with this, the eyes of investors will also be on global trends, inflation data and quarterly results of companies. The volatility of the rupee, the trend of Foreign Institutional Investors (FII) and Brent crude oil prices will also give direction to the market.
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What is the opinion of experts
- Santosh Meena, Head of Research, Swastika Investmart said, “Markets across the world are trying to adjust amidst the possibility of a steep hike in interest rates in the US. But the concern remains due to geopolitical tensions.
- He said that on the domestic front, inflation figures are to come this week as well as the final round of quarterly results. These will affect the direction of the market. Activity can be seen in some individual stocks.
- Meena said that investors will also keep an eye on the developments related to the assembly elections of Uttar Pradesh, Uttarakhand, Goa, Punjab and Manipur. He said that the approach of FIIs will also be important for the Indian markets, as they are currently making heavy withdrawals.
- However, on Friday, FIIs poured a net Rs 108.53 crore into Indian shares. During this month, FIIs have withdrawn a net Rs 14,930 crore from the Indian capital market.
- Yesha Shah, Head of Equity Research, Samco Securities, said, “Following the reaction to the US inflation data, investors will now try to understand the Federal Reserve’s action. The details of the Federal Reserve meeting are about to be released.
- Shah said that apart from this, investors will also keep an eye on China’s inflation figures. Dalal-Street investors will also keep an eye on the domestic inflation data. Overall, due to these developments, there is a possibility of volatility in the market.
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Quarterly results of these companies will come
The quarterly results of Adani Enterprises, Coal India, Eicher Motors, Ambuja Cements, Nestle India, SpiceJet and Jet Airways are to come during the week. Ajit Mishra, Vice President Research, Religare Broking said, “With major developments left behind, investors will now be eyeing the quarterly results of global markets and companies. The market will react on the Industrial Production (IIP) data on Monday. Apart from this, wholesale and retail inflation data is also to come on February 14. Vinod Nair, Head of Research, Geojit Financial Services, said that the direction of the market this week will be decided by the global trends and macroeconomic data on the domestic front.
(Input-PTI)
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