Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Earnings, rupee, global trend to drive stock markets this week: Experts

Earnings, rupee, global trend to drive stock markets this week: Experts

Monday, October 29, 2018

The ongoing quarterly results season, macroeconomic data announcements and movement of the rupee will determine the stock market trend this week, say experts. Volatility in the global markets may also play a key role, they added.

"The market has been correcting in the last two months and in the near-term considering the technical factors, we are bound to see some relief.
Earnings season will gather pace in the coming weeks and as market participants will be keen on comparing consensus earnings with actual which will dictate the market momentum. "And if the global volatility continues, investors will be more focused on haven assets like gold and bonds," said Vinod Nair, Head of Research, Geojit Financial Services.

Blue-chips such as Bank of Baroda, Tech Mahindra, Adani Power, Canara Bank, Lupin, Tata Motors, HDFC, Axis Bank, NTPC and PNB are slated to report their quarterly earnings this week.

"While the market has corrected and valuations have come down close to reasonable levels, and we may be quite close to the bottom, by no means an extension of losses further can be ruled out," said Joseph Thomas, Head-Research, Emkay Wealth Management.

The domestic markets are still under the shadow of the developments around IL&FS, the liquidity crisis faced by the NBFCs and the liquidity deficit in the inter-bank market, Thomas added.

"Manufacturing PMI and infrastructure output numbers are ahead and will be seen crucially while the leads will also be taken from ICICI Bank's result. Mostly the trend will be in tandem with the global markets," said Mustafa Nadeem, CEO, Epic Research.

During the last week, both key indices Sensex and Nifty recorded their second straight week of losses by falling 966.32 points, or about 3%, and 273.55 points, or 2.7%, respectively.

No Comments Posted
City news
Residents of Nargis Dutt Nagar in Bandra claim ...
Timely help saves coastal patrolling team
After cleaning up Kopar and Kalva, Sanjay Gupta ...
My Boyfriend and I have been going out a little o
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)An enterprising day. The stars say you may visit an ancient place. A museum, perhaps, or a historical place. But your health may require some attention, says Ganesha. If so, it's a good idea to spend an evening by yourself.
- Advertising -
The paradigm shift is a revolutionary change in t
Founder of Magic Bus, Matthew Spacie, talks about
Cambridge International has conferred an impressi
Read More