The movement of the country’s stock markets during the week is determined by the Kovid-19 front, macroeconomic data, the quarterly results of the companies and the trends created globally. Analysts believe so. He believes that the state assembly election results will have no effect on the market, but the week-ahead developments of Kovid-19 and the strategy of the central and state government to deal with this situation will affect market behavior.
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VK Vijaykumar, chief investment strategist at Geojit Financial Services, said, “Election results have no impact on the market.” This news may last a few hours on the market, the biggest case being the rise in cases of Kovid-19 infection and what steps the Center and States will take to alleviate them. He said if the growing number of Kovid-19 cases were not controlled and another nationwide lockdown would take place, the market would be severely affected.
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“We expect the market to be more volatile this week. First, entrepreneurs give their feedback on Reliance Industries’ results. The results were released after the deal closed on Friday. In economic terms, the manufacturing sector’s PMI and the service sector’s PMI will be released on May 3 and May 5, respectively, with the market keeping track of the latest status, vaccinations and global indications for “Kovid-19”.
The results of large companies are monitored
The big companies like Kotak Mahindra Bank, Hero MotoCorp, Tata Steel, Dabur and HDFC will announce the results in a week. Reliance Industries reported more than doubling its profit in the March quarter. Its retail and telecom and petrochemicals business has improved, which has weakened the processing business. In addition, Adani Ports and Special Economic Zone, Adani Enterprises, CEAT and Adani Power results will also be announced during the week.