Quarterly Results Of Companies To Affect Stock Market This Week: Experts – News18

A rise was experienced in the stock market last week which means when that interest rates move lower because looser money means more consumer spending and business investment. The 30-share BSE (Bombay Stock Exchange Limited) Sensex rose 596.87 or 0.81 per cent to finish at 74,248.22 and touched a record high margin of 74,501.73 on April 4. Most important sectors traded in sync with the move and edged higher wherein metal, realty, and banking were among the top gainers. The markets will remain closed on Thursday to celebrate the festival of Eid-Ul-Fitr. In an interview with the PTI, the experts opined that the foreign investors’ trading activity, currency fluctuations in the rupee and dollar, along movements in crude oil prices would also affect investor sentiments and market trends.

Elaborating on the outlook in the future, Santosh Meena, Head of Research, Swastika Investment Ltd, noted, “Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024. Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours.” According to Meena, India’s industrial production data will also be announced on April 12, 2024, and on the same day, inflation for March will be declared.

Meena pointed out that investors will keenly observe the ‘movement of the rupee against the dollar, crude oil prices, and investment activities of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs)’. Notably, the markets last week observed key equity indices reach fresh highs. The BSE Sensex gained 596.87 points or 0.81 per cent and also hit a fresh high of 74,501.73 on April 4.

Also, as per the analysts, the trends of the stock market this week will be influenced by global trends, macroeconomic data and quarterly results of companies. Macroeconomic data comprises mainly of the aggregate values of economic flows at the wither level of the total economy. These are the Gross Domestic Product and National Income, or at lower levels of aggregation such as the income, expenditure, and saving of the household or government sectors.