The direction of the stock markets this week is determined by the Reserve Bank’s monetary review, macroeconomic data, the Kovid-19 transition trend and global indicators. Analysts have expressed this view. Analysts said the company’s quarterly results are expected to start in mid-April. In such a situation, there may be some integration in the market before that.
Motilal Oswal Financial Services Chief Retail Research Siddharth Khemka said that after the US President announced the investment plan announced recently, the market will look at global indicators. In addition, investors are now awaiting the company’s quarterly results, which are expected to begin mid-April. Khemka said the second wave of Kovid-19 at the domestic level was a concern. In such a situation, it is possible to be locked down.
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Samko Securities chief equity-research Nirali Shah said the central bank’s monetary policy committee (MPC) meeting this week was the most significant development. The MPC meeting headed by Reserve Bank Governor Shaktikanta Das will be held from April 5-7. Moreover, the PMI figures for the manufacturing and service sector are coming up this week. It also affects market sentiment.
Rasmik Oza, Executive Vice President and Head of Basic Research at Kotmic Securities, said that the Reserve Bank’s monetary policy review and quarterly quarterly results of the companies will guide the market. The beginning of the new financial year is great. Due to the quarterly results, there may be some activity in April.
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“The positive trend will continue in the near future. However, the growing number of Covid-19 cases in India are alarming.
Kotak Mahindra Life Insurance Company Limited. Hemant Kanawala, Head of Equity-Equity, said: “The second wave of Kovid and higher valuations will drive the market in the near future. The 30-share BSE Sensex gained 20,040.66 points, or 68 percent, in the last financial year.
