Market Outlook for this Week: The direction of the markets during this week will be decided by the monetary review of the Reserve Bank and the quarterly results of some big companies.
Market Outlook for this Week: There is a possibility of a lot of volatility in the stock markets this week. The direction of the markets during the week will be decided by the monetary review of the Reserve Bank and the quarterly results of some big companies. Analysts have expressed this opinion. Analysts said that apart from this, investors will also keep an eye on the volatility of the rupee, Brent crude oil prices and the attitude of Foreign Institutional Investors (FII).
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What do experts say
- Ajit Mishra, VP Resorts, Religare Broking, said, “Amidst important developments, investors will be eyeing the policy review meeting of the Monetary Policy Committee (MPC) this week. The results of this meeting will come on February 9. Apart from this, industrial production (IIP) figures are to come on 11 February on the macroeconomic front.
- Santosh Meena, Research Head, Swastika Investmart said, “Domestic indicators will guide the market this week. All eyes will be on the results of the Reserve Bank’s monetary review meeting on February 9. Apart from this, the third quarter results of the companies will be important from the market point of view. The IIP will be announced on Friday. However, this figure will be released after the market closes.
- Meena further said that global indicators are also not clear. Rising crude oil prices are a major concern for us. He said that FIIs are still in a selling mood. Their attitude will also play an important role in giving direction to the market.
- Analysts said that the market rally in the early days of last week was in line with expectations. Last week, the 30-share BSE Sensex had gained 1,444.59 points, or 2.52 percent. Vinod Nair, Head of Research, Geojit Financial Services, said, “The RBI policy meeting this week is an important development for domestic investors. Everyone will be waiting for the outcome of this meeting.
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Quarterly results of these companies will come
Mishra further said, “During the week, Bharti Airtel, Jindal Steel, ACC, Hero Motocorp, Tata Power, Hindalco and Mahindra & Mahindra (M&M) Quarterly results of many big companies are also to come.” He said, “The markets are witnessing volatility, which is in line with global trends. This may continue in the near future as well.” During the week, TVS Motor Company, Union Bank of India, IRCTC, NMDC and SAIL will also announce their quarterly results.
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