Stock Market Expert Are Telling

Leave a Comment / By / January 17, 2022

Market experts are telling how the stock market will move next week and which stocks will move

Mishra said that among other developments, the market’s expectations are also pinned on the budget. Also, global indicators and news related to Omicron, the new form of Kovid-19, will also affect the market.

New Delhi. The movement of the stock markets will be decided this week by the results of the third quarter of December 2021 of some big companies. Analysts have expressed this opinion. During the week, some other companies including Reliance Industries, Hindustan Unilever and Bajaj Finance will announce their third quarter results. Apart from this, the situation of Kovid-19, global market, foreign institutional investors (FII) investment trend, rupee-dollar volatility and Brent crude oil prices will also give direction to the market, analysts said.

Results season will pick up

Ajit Mishra, Vice President – Research, Religare Broking said, “Quarterly results season will pick up pace this week. Market participants will watch the earnings statements of some of the top companies like Reliance, UltraTech Cement, Bajaj Auto, JSW Steel, Bajaj Finance, Asian Paints, Hindustan Unilever. Earlier on Monday, the market would react to the quarterly results of HCL Technologies and HDFC Bank. Mishra said that among other developments, the market’s expectations are also pinned on the budget. Also, global indicators and news related to Omicron, the new form of Kovid-19, will also affect the market.

Global market impact possible

Santosh Meena, Head of Research, Swastika Investmart Limited said, “Pre-budget steps have started in many areas. It will continue this week as well. Global markets are showing some volatility which could have an impact here as well. He said that the cases of Kovid are increasing, but the number of hospitalizations and the death rate are very low. So the market is not too worried. Markets may remain volatile amid Q3 results, global cues and pre-budget expectations. The quarterly results of Ceat and Bajaj Finserv are also due during the week. Vinod Nair, head of research, Geojit Financial Services, said this week the domestic market will focus on the quarterly results. The banking and financial sectors will remain in the main focus. Apart from this, the direction of the market will also be decided by the developments related to Kovid-19.

Market capitalization of eight of the top 10 companies increased

The market capitalization (market cap) of eight of the top 10 Sensex companies saw a strong jump of Rs 2,34,161.58 crore in the last week. Reliance Industries, Infosys and Tata Consultancy Services (TCS) were the top gainers during this period. Last week, the 30-share BSE Sensex rose 1,478.38 points or 2.47 per cent. The market capitalization of Reliance Industries rose by Rs 69,503.71 crore to Rs 17,17,264.94 crore during the week under review. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, HDFC, Bajaj Finance, State Bank of India and Bharti Airtel respectively.

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