Press Esc to close
Wednesday 22 February 2017
News updated at 8:51 AM IST
Weather
Max: 33.4°C
Min : 17.7°C
In Bengaluru
clear sky

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
Devotees of Swaminarayan arrange to 'Rotla' one type of Chapati for celebrating'Shak Utsav'...

Devotees of Swaminarayan arrange to 'Rotla' one type of Chapati for celebrating'Shak Utsav'...

Indian women cricketers after winning their ICC Women's World Cup Qualifier final...

Indian women cricketers after winning their ICC Women's World Cup Qualifier final...

A Pakistani volunteer carries an injured child to a hospital in Peshawar, Pakistan...

A Pakistani volunteer carries an injured child to a hospital in Peshawar, Pakistan...

Four rare white lion cubs sit besides their mother Kiara at the zoo in Magdeburg, Germany...

Four rare white lion cubs sit besides their mother Kiara at the zoo in Magdeburg, Germany...

A shepherd taking his flock for grazing at a village in Rambha in Ganjam district...

A shepherd taking his flock for grazing at a village in Rambha in Ganjam district...

A Cheetah cub licks it's handler on the BUILD Speaker Series to promote Nat Geo Wild's 'Big Cat...

A Cheetah cub licks it's handler on the BUILD Speaker Series to promote Nat Geo Wild's 'Big Cat...

Actors Akshay Kumar and Taapsee Pannu at J P Hospital at sector 128 in Noida...

Actors Akshay Kumar and Taapsee Pannu at J P Hospital at sector 128 in Noida...

Bollywood superstar Shahrukh Khan showing his ink marked finger after casting the vote...

Bollywood superstar Shahrukh Khan showing his ink marked finger after casting the vote...

Bollywood actor and Ambassador for save the children, Dia Mirza at the launch of Standard...

Bollywood actor and Ambassador for save the children, Dia Mirza at the launch of Standard...

Microsoft CEO Satya Nadella (Centre) and Chairman Nandan Nilekani during an event on...

Microsoft CEO Satya Nadella (Centre) and Chairman Nandan Nilekani during an event on...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523