IT majors Infosys and Wipro, quarterly results of macroeconomic data and global indicators determine the direction of stock markets this week. Analysts have expressed this view. Excluding Infosys and Wipro, quarterly results of Mindtree, Tata Alexi and HDFC AMC will be announced this week.
In addition, industrial production (IIP), retail and wholesale inflation data are also expected to arrive in the week. “This week the market will be guided by macroeconomic data such as quarterly results, IIP, retail inflation and wholesale inflation,” said Vice President of Religare Broking Research Ajit Mishra. In addition, investors keep track of the monsoon’s progress, new Kovid-19.
People who invested in these stocks became wealthier, earning 266-1062% in the last 6 months
With this, investors will keep track of coronavirus cases and delta mutations, Mishra said. Kotak Securities Executive Vice President (Equity Technical Research) Srikanth Chauhan said, “Going forward, the market will see inflation, crude oil prices, bond yields and delta virus spread.
The 30-share BSE 30-share Sensex fell 98.48 points or 0.18 per cent. Vinod Nair, Head of Strategy at Reliance Securities, Vinod Nair Services, head of Geojit Financial Research, said: “Monsoon, Q1 results and the progress of the COVID-19 trend will determine the direction of the market in the near future.” Economic data is also coming, which will determine the direction of the market. ” In addition, investors will also observe crude oil prices, the dollar’s volatility against the dollar and the investment trends of foreign institutional investors, analysts said.
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