Stock Market Live: The stock market is off to a good start on the first trading day of August. The 30-stocks key index of the BSE, the Sensex, opened 314.44 points higher on Monday at 52,901.28. At the same time, the Nifty of the National Stock Exchange also opened at 15,874.90. In the initial trading session, 27 stocks traded on the green mark in Sensex, excluding NTPC, Tech Mahindra and Tata Steel.
The market may move this week
The direction of the stock markets this week will be determined by the Reserve Bank’s decision on macroeconomic data, the company’s quarterly results and interest rates. Analysts have expressed this view.
In addition, GST procurement, global trends and flotation of vaccines will also guide the market, he said. Vinod Nair, Head of Research at Geojit Financial Services, said, “The major developments in the domestic sector in the coming week will be the monetary review of the Reserve Bank of India.
Big companies get results
The quarterly results of HDFC, PNB, Adani Ports and Special Economic Zone, Bank of India, Bharti Airtel, State Bank of India and Mahindra & Mahindra are expected to arrive in the week. Nirmali Shah, head of equity research at Samco Security, said: “The Reserve Bank’s Monetary Policy Committee (MPC) meeting this week. Apart from this, the market shares specific movement due to vehicle sales data, PMI data and quarterly results.