Analysts say that apart from this, investors will also keep an eye on the attitude of foreign investors, Brent crude oil prices and rupee fluctuations. In the second wave of corona virus epidemic in the country, cases of infection are increasing rapidly due to which there are fluctuations in the stock markets. Last week, the 30-share BSE Sensex lost 953.58 points or 1.95 percent.
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The ups and downs will remainResearcher Ajit Mishra, vice president of Religare Broking, said, “The market will remain volatile this week. The market will remain volatile due to the settlement of derivative contracts for the month of April. Basic sector figures are due on April 30. Its effect will also be seen on the market. Needless to say that the events related to Kovid will be watched by the participants. ”
Which companies have results
Quarterly results of big companies like Axis Bank, Maruti, Bajaj Auto, Hindustan Unilever and IndusInd Bank are due this week. Apart from this, the results of Tech Mahindra, Bajaj Finance, Hindustan Zinc, Titan Company and Reliance Industries will also be announced.
GDP figures will also be seen
Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, “As long as the cases of Kovid increase, the market will continue to fluctuate. Investors will keep an eye on the progress of the government’s steps and the vaccination campaign. This will affect global markets in the near future.
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Some stocks will see surge due to quarterly results
Vinod Nair, head of research at Geojit Financial Services, said that in the midst of the rising cases of Kovid, quarterly results will result in activities in certain stocks, which will determine the market’s stance. Nirali Shah, head of equity research, Samco Securities, said, “Investors from around the world will be watching the results of FOMC Bank during the week.”