Press Esc to close
Friday 24 October 2014
News updated at 11:44 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Children with special needs light firecrackers as they celebrate Diwali...

Children with special needs light firecrackers as they celebrate Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

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