NEW DELHI: Iran-Israel conflict-related concerns, quarterly earnings and trading activity by foreign investors are the key factors that will guide stock markets this week, analysts say.
Apart from this, the trend of Brent crude oil and movement of rupee against the dollar will also be important factors.
This week will be important for the market amid ongoing concerns over the conflict between Iran and Israel, said Pravesh Gaur, senior technical analyst at Swastik Investmart Limited.
“If tensions escalate significantly, volatility in global stock markets is expected to increase. Additionally, the market will keep a close eye on crude oil price movements, as geopolitical events often impact them.,
"Investors will also keep an eye on key earnings from Tech Mahindra, Baja Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gaur said.
HDFC Bank on Saturday reported 2.11 per cent rise in consolidated net profit for the March 2024 quarter at Rs 17,622.38 crore, from Rs 17,257.87 crore in the previous December quarter.
Amid global events, the Bank of Japan will announce its interest rate decision on April 26, 2024, he said.
“Fluctuations in US bond yields and dollar index will be important factors influencing market sentiment,” Gaur said.
Last week, the BSE benchmark fell 1,156.57 points or 1.55 per cent and the Nifty fell 372.4 points or 1.65 per cent.Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Limited, says this week the focus will be on global cues as well as earnings season.
"Index giants like Hindustan Unilever, Maruti and Bajaj Finance will announce their results. Investors will also keep an eye on economic data points like US manufacturing and services PMI data, US Q1 GDP numbers and Japan's policy statement," Khemka said.
Ajit Mishra, SVP, Research, Religer Broking Ltd, said the market declined amid extreme volatility and declined by more than one and a half per cent due to weak global cues.
“Volatility is expected to remain high this week too, citing weak global cues and the ongoing earnings season,” he said."
Apart from this, the trend of Brent crude oil and movement of rupee against the dollar will also be important factors.
This week will be important for the market amid ongoing concerns over the conflict between Iran and Israel, said Pravesh Gaur, senior technical analyst at Swastik Investmart Limited.
“If tensions escalate significantly, volatility in global stock markets is expected to increase. Additionally, the market will keep a close eye on crude oil price movements, as geopolitical events often impact them.,
"Investors will also keep an eye on key earnings from Tech Mahindra, Baja Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gaur said.
HDFC Bank on Saturday reported 2.11 per cent rise in consolidated net profit for the March 2024 quarter at Rs 17,622.38 crore, from Rs 17,257.87 crore in the previous December quarter.
Amid global events, the Bank of Japan will announce its interest rate decision on April 26, 2024, he said.
“Fluctuations in US bond yields and dollar index will be important factors influencing market sentiment,” Gaur said.
Last week, the BSE benchmark fell 1,156.57 points or 1.55 per cent and the Nifty fell 372.4 points or 1.65 per cent.Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Limited, says this week the focus will be on global cues as well as earnings season.
"Index giants like Hindustan Unilever, Maruti and Bajaj Finance will announce their results. Investors will also keep an eye on economic data points like US manufacturing and services PMI data, US Q1 GDP numbers and Japan's policy statement," Khemka said.
Ajit Mishra, SVP, Research, Religer Broking Ltd, said the market declined amid extreme volatility and declined by more than one and a half per cent due to weak global cues.
“Volatility is expected to remain high this week too, citing weak global cues and the ongoing earnings season,” he said."
