Experts at Religare Broking, Geojit Financial Services and Reliance Securities are telling you how the stock market is moving this week. According to him, in the absence of macroeconomic indicators, the first-quarter results of the companies this week will determine the direction of the stock markets. Market participants are tracking the volatility of the dollar, Brent crude oil prices and rupee volatility against foreign institutional investors’ investment trends, analysts said. Stock markets close on Wednesday in the case of Buckrid.
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Religious Broking Research Vice President Ajit Mishra said, “This is a week of shorter trading hours. Global developments and quarterly results determine the direction of the market. Moreover, developments related to Kovid-19 and the progress of the monsoon also determine the market trends. The quarterly results of many large companies are coming up in a week.
The results of these companies come
This week, Reliance, ACC, Asian Paints, Bajaj Finance, Bajaj Auto, HCL Technologies, HDFC Life Insurance, ICICI Prudential Life Insurance, Hindustan Unilever, UltraTech Cement, Ambuja Cement and JSW Mixed are the results. .
Reliance Securities Estimate
Vinod Modi, Head of Strategy at Reliance Securities, said: “In our view, the monsoon’s progress, Q1 results, and the rate of Kovid-19 infection will determine the direction of the stock market in the near future.
Geojit Financial Services Opinion
Vinod Nair, Head of Geojit Financial Services Research, said, “We are entering the quarterly earnings per share. Therefore, the direction of the market depends on the quarterly results and the comments of the management of the companies. Area-specific activities are viewed weekly. However, the market is fickle as global markets are lagging and foreign institutional investors are selling.
The 30-share BSE 30-share Sensex rose by 753 points, or 1.43 per cent, to Rs. Sensex and Nifty were trading at record highs, with gains of 1.4 per cent and 1.5 per cent respectively.