Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
Just In
Investors will continue to track the ongoing quarterly results season and general elections.
New Delhi: Equity indices will keep an eye on the movement of oil prices, rupee as well as the ongoing earnings season for further cues in a holiday-shortened week ahead, analysts say.
Share markets will have only three trading days this week with Monday and Wednesday being holidays due to general elections in Mumbai and Maharashtra Day, respectively.
"This week it will be crude oil that will be eyed crucially as India remains one of the biggest importers of crude oil. The movement of rupee is seen critically. This could have some serious dent on positive sentiments we have seen in last few weeks," said Mustafa Nadeem, CEO, Epic Research.
Economic events like infrastructure output data will be eyed along with manufacturing Purchasing Managers Index (PMI) numbers, he added.
"All in all one also needs to remember we are entering final few phases of elections voting and next month India will have its new government. This is very important as volatility is the wind that will be blowing throughout this month," Nadeem said.
Investors will continue to track the ongoing quarterly results season and general elections, which will keep setting the tone for the markets over the next few weeks, experts said.
PMI data for the manufacturing sector is due this week. Auto scrips would also remain in focus amid monthly sales data announcement.
Kotak Mahindra Bank, Tata Power, Hindustan Unilever Ltd and Federal Bank Ltd are among the major corporates scheduled to announce their results this week.
"Q4 results so far has been in-line with expectation. Any revival in earnings and potential rate cuts by RBI will help the market to outperform in near term," said Vinod Nair, Head of Research, Geojit Financial Services.
The BSE Sensex rallied 336 points to reclaim the 39,000-level on April 26, capping off a volatile week where investors grappled with flaring oil prices and sudden sell-offs at higher levels.
Trading received a boost on April 27 after global oil prices slipped below the USD 75 per barrel mark.
Over the last week, the Sensex dropped 72 points, or 0.18 percent to close at 39,067.33 on April 26.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com