With most companies ‘June quarterly financial results coming out, stock market investors’ eyes are now on global trends. Shorter business days due to holidays in the absence of major activity during the week, mainly a global trend, will guide the market. Analysts said so. The stock market will be closed on Thursday during the Muharram.
Nirali Shah, head of equity at Samco Securities, said, “Q1 financial results for most domestic companies are better than expected. Domestically, WPI inflation data will be released on Monday, ”said Santosh Meena, research head of Swastik Investment Limited, adding that the market also sees a trend and a dollar index.
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Vinod Nair, head of research at Geojit Financial Services, said: “Positive economic data indicates economic revival. The market is likely to remain strong in the long run. It crossed the 55,000 mark at the time and reached an all-time high of 55,487.79.
Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said: “The trend in the stock market is likely to continue.
In addition, investors view the rupee trend against the dollar and foreign institutional investors and Brent crude.
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