Markets will stay closed on Tuesday for Dussehra.
Investors would additionally keep watch over the Middle East amid the continuing Hamas-Israel battle and the buying and selling exercise of international traders
Domestic fairness markets might be pushed primarily by quarterly earnings, international traits, and the motion in crude oil costs in this vacation-shortened week, analysts stated. Investors would additionally keep watch over the Middle East amid the continuing Hamas-Israel battle and the buying and selling exercise of international traders.
Markets will stay closed on Tuesday for Dussehra. “Global markets are currently fragile due to heightened attention on the rising US bond yield, global economic uncertainty, and also the geopolitical situation. These factors will be closely monitored, as they have the potential to influence market sentiment.
“Market participants will be closely watching the movement of the rupee against the dollar and crude oil prices, as well as investments by foreign institutional investors (FIIs) and domestic institutional investors (DIIs), during the results season,” Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, stated. Markets might face unstable traits amid month-to-month derivatives expiry on Thursday.
This week is a vacation-shortened one and we anticipate volatility to stay excessive due to the prevailing earnings season and scheduled expiry of October month derivatives contracts, Ajit Mishra, SVP – Technical Research at Religare Broking Ltd, stated. “The market will take further cues from the Israel-Palestine conflict. One should keep a watch on the earnings of major companies in India. Some major global and domestic events will be in focus such as the UK services PMI, US manufacturing and services PMI, US GDP, initial jobless claims, and crude oil inventories,” Arvinder Singh Nanda, Senior Vice President at Master Capital Services Ltd, stated.
Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd, stated markets worldwide, together with India, will reply to geopolitical challenges, oil costs, and bond yield fluctuations, with continued inventory-particular motion tied to quarterly outcomes. “We expect earnings season to pick up pace in a truncated week which would direct the market trend along with global cues. On the global front, ECB (European Central Bank) will announce interest rate decision this week,” Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, stated.
Among the important thing outcomes, Axis Bank, Tech Mahindra, Maruti Suzuki and Bajaj Finserv will announce monetary numbers for the September quarter, he added. Canara Bank, Asian Paints, PNB, BPCL and Reliance Industries can even announce their quarterly earnings throughout the week.
Last week, the BSE benchmark plunged 885.12 factors or 1.33 per cent and the Nifty declined 208.4 factors or 1.05 per cent.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
