By Admin 
Stock Market Week Outlook: The market movement in the Indian stock market this week will be decided by the quarterly results of big companies like TCS and Infosys, inflation data and global trends. Experts said that the market will also keep a close eye on the business activities of foreign investors. Let us know how the stock market will fare this week…
expert opinion
Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, said, this week will start the period of quarterly results of companies with adequate economic activity. Investors will keep a close eye on India’s retail and wholesale inflation data. Besides, the quarterly results of big companies in IT, banking, finance and energy sectors will also be in the centre.
He told that globally the market will keep an eye on the decision of the US Supreme Court, in which the validity of Trump’s charges is to be decided. This decision can become a big factor for market sentiment. According to market experts, the movement of rupee against dollar and crude oil prices will also be monitored this week.
These factors will decide the movement of the market
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, said, on the domestic front, the third quarter results are beginning. This will decide the direction of the index and the direction of different sectors. The results of many big companies like TCS, HCL Tech, Infosys, Jio Financial Services, Reliance Industries and Tech Mahindra are about to come.
The comments of these companies and the future guidance of the management will play an important role in deciding the direction of the market. Last week was a bearish one for the domestic stock market, where it fell due to new threats of US tariffs, geopolitical tensions and selling by foreign investors.
Last week, BSE Sensex fell 2,185.77 points (2.54 percent) and Nifty fell 645.25 points (2.45 percent). Enrich Money CEO Ponmudi R said that retail and wholesale inflation data for the month of December will be released in India this week.
Also read: The impact of earnings season may be visible on the stock market; Many companies will present quarterly results this week, investors will keep a close eye