Stock Market: The impact of Corona will be seen on the market next week, know which companies will have quarterly results?

New Delhi: Large economic data, including the status of Coronavirus, financial results of companies and industrial production, will determine the movement of the market this week. Due to the holiday this week, the market will be traded for four days only. Apart from this, the global trend and rupee fluctuations will also have an impact on market sentiment. The domestic stock markets will remain closed on Thursday on the occasion of Eid-ul-Fitr. “The market trend this week will be determined by the number of cases of Kovid infection, quarterly results of companies, industrial production for the month of March and inflation for April,” said Vinod Nair, head of research, Geojit Financial Services. Investors will be watching the financial results of Asian Paints, Jindal Steel & Power Ltd., Lupine, Vedanta, Cipla and Dr. Reddy’s Laboratories. Also read: Top 8 companies increase in market cap, TCS gains the most Restrictions are imposed in almost all statesSiddharth Khemka, head of Motilal Oswal Financial Services, said, “It seems investors have taken into account the Kovid cases in their assessment and at the moment they are looking at their short term impact separately.” However, the risk of the epidemic is going to be long-term and the ‘lockdown’ and other restrictions in various states for its prevention are not seen to be removed at the moment, due to which the market boom is being curbed. ” In the coming time, the market may remain in a limited range with fluctuations. In the coming days, the number of Kovid-19 cases and the pace of vaccination will determine the pace of economic revival. ”According to analysts, the pattern of Brent crude fluctuations, rupee trend and investment of foreign institutional investors also affect the market sentiment. Will do. FPI sold in April
Between the second wave of Corona virus infection and its impact on the economy, foreign investors have been net sellers in the equity market since April this year. According to the depository data, FPIs (Foreign Institutional Investors) sold shares worth Rs 9,659 crore net in April while selling Rs 5,936 crore in the first week of May. Ministry released data According to the data released by the Health Ministry on Sunday, after the arrival of 4,03,738 new cases of Corona virus infection in the country in the last 24 hours, the total number of people infected so far has increased to 2,22,96,414. At the same time, after the death of 4,092 more patients, the total death toll increased to 2,42,362. Also read: FD is in IDFC First Bank, so important news for you, know how much interest will be received now? Nirali Shah, equity head, Samco Securities, said, “Business days will be shorter this week due to the holiday, but there is difficulty for the market to move strongly and it can remain in a limited range with volatility. Industrial production, inflation and manufacturing sector production figures are expected to come out this week. It can also have an impact on the market. “Last week, the BSE Sensex based on thirty shares gained 424.11 points, or 0.86 percent.

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