New Delhi: The ongoing fourth quarter earnings season, global factors and macroeconomic data will dictate trends in equity markets this week, analysts say.
The market will also take cues from the trading activity of foreign investors, the trend of rupee-dollar and the movement of global oil benchmark Brent crude.
“Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, with Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Aich Motors and Tata Motors being some of the big names on the list and voting in the next phase,” Swastika said. said Pravesh Gaur, Senior Technical Analyst, Investmar Ltd.
PMI data for the services sector will also impact trading in the equity markets.
Industrial production data for March is due to be announced on Friday."On Monday, markets will react to US employment data and fourth quarter results of companies like DMart and Kotak Bank," said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
“Going forward, the current results season will be a significant headwind for investors to align their portfolios. The market will also remain cautious regarding BOE (Bank of England) policy and GDP data from the euro zone.
“We expect the market to consolidate to some extent due to expensive valuations and election jitters,” said Vinod Nair, head of research at Geoji Financial Services.
Last week the BSE benchmark rose 147.99 points or 0.20 per cent. NS Nifty rose 55.9 points or 0.24 per cent.“Looking ahead, the focus will be on earnings reports and global market performance, especially the US,” said Ajit Mishra, SVP – Research, Religare Broking Ltd.
The 30-share BSE Sensex closed 732.96 points or 0.98 per cent lower at 73,878.15 on Friday. NSE Nifty also fell 172.35 points or 0.76 per cent to 22,475.85.
“As valuation headwinds are rising, investors are becoming selective and placing selective bets,” says Prashant Tapse, senior vice president (research), Mehta Equities Ltd. “Interest rate uncertainty, gloomy geopolitical scenario and FII entertainment The outflows have prompted investors to book profits at regular intervals." Said.
The market will also take cues from the trading activity of foreign investors, the trend of rupee-dollar and the movement of global oil benchmark Brent crude.
“Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, with Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Aich Motors and Tata Motors being some of the big names on the list and voting in the next phase,” Swastika said. said Pravesh Gaur, Senior Technical Analyst, Investmar Ltd.
PMI data for the services sector will also impact trading in the equity markets.
Industrial production data for March is due to be announced on Friday."On Monday, markets will react to US employment data and fourth quarter results of companies like DMart and Kotak Bank," said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
“Going forward, the current results season will be a significant headwind for investors to align their portfolios. The market will also remain cautious regarding BOE (Bank of England) policy and GDP data from the euro zone.
“We expect the market to consolidate to some extent due to expensive valuations and election jitters,” said Vinod Nair, head of research at Geoji Financial Services.
Last week the BSE benchmark rose 147.99 points or 0.20 per cent. NS Nifty rose 55.9 points or 0.24 per cent.“Looking ahead, the focus will be on earnings reports and global market performance, especially the US,” said Ajit Mishra, SVP – Research, Religare Broking Ltd.
The 30-share BSE Sensex closed 732.96 points or 0.98 per cent lower at 73,878.15 on Friday. NSE Nifty also fell 172.35 points or 0.76 per cent to 22,475.85.
“As valuation headwinds are rising, investors are becoming selective and placing selective bets,” says Prashant Tapse, senior vice president (research), Mehta Equities Ltd. “Interest rate uncertainty, gloomy geopolitical scenario and FII entertainment The outflows have prompted investors to book profits at regular intervals." Said.
