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News Topical, Digital Desk : Stock Market Big Action: Analysts say that this week the stock market will be eyeing the RBI's interest rate decision (RBI Repo Rate), the first quarter results of many big companies (Company Q1 Results) and news related to tariff (US Tariff). Apart from this, the trading activities of foreign investors and the trends of global stock markets will also give direction to the sentiment of investors.
Investors' eyes on RBI decisions
Domestically, all eyes will be on the monetary policy meeting of the Reserve Bank of India (RBI MPC Meeting), where the central bank's comments on inflation, liquidity and GDP will be keenly watched.
Quarterly results of big companies may be seen Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, said that on the earnings front, the results of major companies like Bharti Airtel, DLF, Bajaj Auto, Hero MotoCorp, Tata Motors, State Bank of India (SBI) and Life Insurance Corporation of India (LIC) may also have an impact on the market.
Due to these reasons, there may be volatility in the share market Mishra further said that other important factors include the announcement of HSBC services and PMI, fluctuations in crude oil prices and further comments from the US on trade talks. All these can lead to volatility in the near future. Trade concerns and continued selling by foreign investors added to the disappointment in the markets last week. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd, said that looking ahead, the RBI policy meeting this week will be an important event, especially amid increased volatility due to both global and domestic reasons. Meanwhile, several major Nifty companies including Adani Ports, Bharti Airtel, Bajaj Auto, Hero MotoCorp, Trent, Titan, State Bank of India and Tata Motors are scheduled to report their earnings this week, which could boost stock-specific action. Let us tell you that last week the BSE benchmark Sensex fell 863.18 points or 1.05 per cent and the NSE Nifty fell 271.65 points or 1.09 per cent. On Friday, the Sensex fell 585.67 points or 0.72 percent to close at 80,599.91 and the Nifty fell 203 points or 0.82 percent to close at 24,565.35.
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