This week’s stock market direction will be determined by macroeconomic data, the company’s quarterly results and the RBI interest rate decision. Analysts have expressed this view. Apart from this, the global trend and the vaccine will also guide the market, he said. Vinod Nair, Head of Research at Geojit Financial Services, said, “The major developments in the domestic sector over the coming week will be the Reserve Bank’s financial review. Waiting for PMI data on market preparation and services for the revival of the economy.
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The quarterly results of HDFC, PNB, Adani Ports and Special Economic Zone, Bank of India, Bharti Airtel, State Bank of India and Mahindra & Mahindra are expected to arrive in the week. Nirali Shah, head of equity research at Samco Securities, said: “The Reserve Bank’s Monetary Policy Committee (MPC) meeting this week. Apart from vehicle sales data, PMI data and quarterly results, the market shares a certain momentum.
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Rahul Sharma, co-founder of Equity 99, said: “Macroeconomics data and vaccination speed are key catalysts for the market. Apart from that, all eyes are on auto companies’ monthly sales figures. Last week, the BSE 30-share Sensex fell 388.96 points or 0.73 per cent. Chief Vinod Modi said, “In our opinion, the monsoon progress, the quarterly results of the companies and the course of Kovid-19 will determine the direction of the market in the coming days.
