New Delhi: Quarterly earnings of corporates, US Fed's interest rate decision and other global trends will be the key driving factors determining volatility in the domestic equity market in the week leading up to the holidays, analysts say.
Apart from this, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trends will also influence the trade.
Domestic stock markets will remain closed on Wednesday on the occasion of Maharashtra Day.
“On the domestic front, the next batch of Q4 earnings reports will drive stock-specific activity,” said Santosh Meena, head of research, Swastika Investmart Ltd.
Monthly auto sales figures will be announced in early May and the next phase of polling will be important, he said.
"On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1 will be important. Volatility in the global currency market as well as the release of economic data from China and the US will also be a factor to consider. Meena said.
Major corporate earnings announcements this week are from Tata Chemicals Central Bank of India, IOC, Adani Power, Adani Enterprises, Adani Green Energy MRF and Titan.
“Upcoming US Fed policy, US non-farm payrolls data will dictate the world market, while the ongoing Q4 earnings report is set to impact domestic market dynamics,” said Vinod Nair, Head of Research, Geojit Finance Services.
“We expect market momentum to resume with a focus on stock-specific action due to ongoing results seasonality and sector rotation,” said Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Ltd.
Last week, the BSE benchmark rose 641.83 points or 0.87 per cent, and the NSE Nifty climbed 272.95 points or 1.23 per cent.
Apart from this, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trends will also influence the trade.
Domestic stock markets will remain closed on Wednesday on the occasion of Maharashtra Day.
“On the domestic front, the next batch of Q4 earnings reports will drive stock-specific activity,” said Santosh Meena, head of research, Swastika Investmart Ltd.
Monthly auto sales figures will be announced in early May and the next phase of polling will be important, he said.
"On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1 will be important. Volatility in the global currency market as well as the release of economic data from China and the US will also be a factor to consider. Meena said.
Major corporate earnings announcements this week are from Tata Chemicals Central Bank of India, IOC, Adani Power, Adani Enterprises, Adani Green Energy MRF and Titan.
“Upcoming US Fed policy, US non-farm payrolls data will dictate the world market, while the ongoing Q4 earnings report is set to impact domestic market dynamics,” said Vinod Nair, Head of Research, Geojit Finance Services.
“We expect market momentum to resume with a focus on stock-specific action due to ongoing results seasonality and sector rotation,” said Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Ltd.
Last week, the BSE benchmark rose 641.83 points or 0.87 per cent, and the NSE Nifty climbed 272.95 points or 1.23 per cent.
