FED Reserve and quarterly data will decide the movement of the market, know whether there will be selling or buying in the market

Stock Market: The effect of global cues will be clearly visible in the stock market next week. A decision will also be taken on the interest rate of the US central bank Federal Reserve, due to which global signals will affect the market. On the domestic front, the impact of macroeconomic data and quarterly results of companies will also be seen.

Market will remain closed on Thursday and Friday
According to market experts, investors will also keep an eye on the vehicle sales data coming on Monday. At the same time, the stock markets will remain closed on Thursday on the occasion of Diwali Lakshmi Puja and on Friday on the occasion of Diwali Balipratipada.

Business will be done only 3 days in a week
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services, said, “Because of the Diwali festival, there will be trading in the market for only three days this week.” Apart from this, the meeting of the Federal Reserve will also give direction to the market.

Quarterly results will also have an effect
Last week, selling of foreign funds, weak global trend and mixed quarterly results weighed on the market sentiments. Santosh Meena, Head of Retail Research, Swastika Investmart said, “The market will be less trading days due to Diwali. The market is in a mood to reap profits at this time due to the festive season.

Quarterly results of these companies will come
Meena said that the week will start with the vehicle sales figures for the month of October. The market is not expecting anything big with vehicle sales figures. Apart from this, the eyes of the market will be on consumer sentiment on the occasion of Dhanteras and Diwali. During the week, the quarterly results of HDFC, IRCTC, Tata Motors, Bharti Airtel, HPCL, Sun Pharma, Eicher Motors and SBI are to come.

Know what is the opinion of experts?
Yesha Shah, Head of Equity Research, Samco Securities, said, “While the market will be trading lower than normal in the coming week, it will be full of developments. Mainly the market sentiment will be decided by the Federal Reserve meeting.” Shah said that apart from this, the monthly sales figures of the auto companies are also to come.

Sensex was down 2.49 per cent
He said, “Despite the festive season, due to the shortage of semiconductors, freight charges and increase in commodity prices, margins of auto companies may be affected and sales may remain weak.” Last week, the 30-share Sensex of BSE, 1,514.69 points or 2.49. Percentage broken.

PMI figures will come
Equity99 co-founder Rahul Sharma said a weak global trend and profit-booking in various sectors could lead to bearish trend in the market in the short term. Vinod Nair, Head of Research, Geojit Financial Services, said the manufacturing and services PMI figures are due next week. These figures will indicate the economic revival in October.

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