This week, the fluctuations in the Indian stock markets are likely to continue because investors will set their positions in the Future and Option segment of April-May, while expiry of April F & O (future-option) deals on Thursday (April 25) is going on.
Apart from this, the trend of global markets, investment by Foreign Portfolio Investors (FPIs) and Domestic Founding Investors (DIIs), comprehensive financial data of domestic and global markets, quarterly results of major companies, movements of rupees against the dollar and crude oil price will also affect the domestic market share.
European stock exchange will be closed Monday (April 22) due to Easter holiday. During the week many major companies have come to financial results. ACC will release the results of its January-March quarter on Tuesday (April 23) among the key companies whose quarterly results will be released this week. Bharti Infratel and Ultra Tech Cement will release the results of January-March quarter on Wednesday (April 24th). Maruti Suzuki India will announce the results of the January-March quarter on Thursday (April 25).
Financial companies offering financial services will be seen this week. Indiabulls Housing Finance, Yes Bank, Mahindra & Mahindra Financial, Axis Bank, SBI Life are going to announce their financial results. Axis Bank, Hero MotoCorp and Yes Bank will announce the results of January-March quarter on Friday (April 26).
Some analysts are of the opinion that till the results of the general elections, the market can see fluctuation. Because of the Lok Sabha elections, investors are being invested and investors in the stock market are doing it. The general elections are going on in seven phases, starting on 11th April and running till May 19th. Counting of votes will be done on May 23 and the results will also be issued on this day.
On the global front, the monetary policy review meeting of Bank of Japan and the Bank of Canada will be held on Thursday (April 25th) and policy announcements will be made on this day on interest rates.
Last week due to the holiday of some festivals, the market opened in less day. During this, the Sensex totaled 373.17 points ie 0.96 percent. Reliance Industries and HDFC Bank, which have a large impact on index, can see some activities. Reliance Industries had issued a financial results after the business ended on Thursday and the market was closed on Friday. In the fourth quarter of the financial year (January-March), the net profit increased 9.8 percent to Rs 10,362 crore.
At the same time, HDFC Bank released financial results on Saturday. The net profit of the bank rose 23 percent to Rs 5,885.12 crore. Investors will also look at Jet Airways which is in discussion due to negative news.
