Curated By: Business Desk
Last Updated: February 12, 2024, 16:01 IST
Many corporations will quickly announce their December quarter outcomes.
The market pattern for this week might be primarily based on world and home financial knowledge, international buyers, home institutional buyers, crude oil reserves and different components.
The inventory market within the ongoing week of February might be pushed by financial knowledge and world tendencies. The market contributors can even maintain a detailed eye on the actions of the international buyers. The quarterly outcomes of some corporations can even be launched this month, therefore excessive buying and selling may be anticipated out there.
As per the inventory market analysts, the quarterly outcomes season of the businesses is now in its closing phases. Swastika Investment Ltd’s Santosh Meena, Head of Research, stated, “Economic data is going to come this week on both domestic and global fronts. Index Industrial production (IIP) and retail inflation data will be released on February 12.” With the index of various development charges of Industry on show, the inventory market can see an increase and fall in some shares of the economic corporations.
Another issue which is able to play a significant position within the inventory market actions this week would be the launch of the Wholesale Price Index on February 14. The inflation knowledge within the trade might be calculated primarily based on it. USA’s retail inflation figures might be declared on February 13 and retail gross sales figures might be declared on February 15.
“Amid these figures, everyone will keep an eye on the fluctuations in bond yields and dollar index in America. Apart from this, crude oil prices and inflow of institutional investors will also be important from the market point of view,” added Santosh Meena as quoted by Outlook. During this week, NHPC, SAIL, BHEL, Hindustan Copper, Mahindra & Mahindra and different corporations will announce their December quarter outcomes.
Arvinder Singh Nanda, Senior Vice President of Master Capital Services stated that the inventory-associated actions for this week might be primarily based on world and home financial knowledge, international buyers, home institutional buyers ( DIIs), crude oil reserves and the quarterly outcomes of the businesses. Siddharth Khemka, Head of Retail Research at Motilal Oswal Financial Services Limited, claimed that the continued week is predicted to have a worldwide relationship between macroeconomic knowledge and the final section of third-quarter outcomes.
