Press Esc to close
Sunday 23 November 2014
News updated at 2:54 AM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

Earnings, foreign fund movement to drive stock markets this week

New Delhi, October 20, 2013, PTI:

Stock markets would take cues from the ongoing July-September quarter earnings, with HDFC and ICICI Bank among the blue chips set to report results this week, and investors would also closely track overseas fund flow movement for further direction, experts said.

Besides, the next major event on the domestic front is the Reserve Bank of India’s (RBI) monetary policy review on October 29, they added.

“Markets will continue to be volatile as elections are also approaching and RBI’s monetary policy is slated later in the month. In coming sessions, 6,050 shall be crucial deciding level for Nifty in near-term, and the index is likely to witness further buying above this level,” said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.

Among other major results this week are Cairn India, Wipro, ACC, Ambuja Cements, Hero MotoCorp, NMDC and ITC.


“The other trigger for the markets will be Fed policy meeting and RBI policy meeting at the end of the month. Markets are largely expecting another hike in interest rates from RBI, post the disappointing CPI numbers.

“Going ahead, results of the state elections in December will be an important determinant of the market movement in the months to come,” said Dipen Shah, Head of Private Client Group Research, Kotak Securities.

Indicating worsening of the price situation, inflation - wholesale as well as retail - went up in September.

While the Wholesale Price Index (WPI) based inflation climbed to 7-month high of 6.46 per cent, the one based on Consumer Price Index (CPI) inched closer to double digit at 9.84 per cent.

Meanwhile, on the global front, the Federal Open Market Committee (FOMC) will hold a two-day policy meeting on October 29-30.

The BSE benchmark Sensex last week gained 1.72 per cent to 20,882.89.

Go to Top

Photo Gallery
Elderly women take part in Tug-of War during annual month long sports competition...

Elderly women take part in Tug-of War during annual month long sports competition...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Indian Coast Guard launching Interceptor Boat c-416 at Hazira, Surat...

Indian Coast Guard launching Interceptor Boat c-416 at Hazira, Surat...

Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

Arun Jaitley with Mega actors Amitabh Bachchan and Rajinikanth...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523