Stock Market Next Week: Whether or not to invest money in the stock market, these 3 factors will decide your position in the market next week
Highlights
- US central bank Federal Reserve will decide on interest rates this week
- There will be a lot of volatility for the markets due to the results of many big companies.
- These figures will also have an impact on the sentiment of the Indian markets.
Stock Market Next Week: The past week has been very good for the stock market. The market has remained on the green mark for all the days of the week. But will it be the same next week? This will depend on 3 big factors. The first in this is the decision on interest rates by the US central bank Federal Reserve, which is to be decided this week. Apart from this, this week will be very volatile for the domestic stock markets due to settlement of monthly derivative contracts and quarterly results of several large companies.
Apart from this, foreign portfolio investors (FPIs), rupee volatility and crude oil prices will also influence the market sentiment, say analysts. Santosh Meena, Head of Research, Swastika Investmart said, “This week is going to be full of developments. In such a situation, we see the possibility of increasing volatility.” He said that apart from this, many companies of Nifty 50 will announce quarterly results this week.
The settlement of futures and options contracts for the month of July is on Thursday. So overall the market will remain volatile. Meena said the outcome of the Federal Free Market Committee (FOMC) meeting on the global front would be out on July 27. This will be the most important development from the market point of view. He said it would be interesting to see what would be the attitude of foreign portfolio investors as they have been net buyers for a long time in the last week.
Ajit Mishra, Vice President Research, Religare Broking said, “This week will be very active. There are many important figures to come during the week. Market participants will be the first to react to the quarterly results of Reliance Industries, Infosys, ICICI Bank and Kotak Bank. On the global front, the Federal Reserve will announce a decision on interest rates on July 27. The US Gross Domestic Product (GDP) figures will come on July 28.
Reliance Industries’ June quarter net profit jumped 46 percent. The company’s profit has increased strongly due to increase in income from oil refining. The company’s quarterly results came on Friday. On Saturday, the quarterly result of ICICI Bank came. The bank’s standalone net profit jumped 50 per cent to Rs 6,905 during the quarter. Kotak Mahindra Bank’s Q1 net profit jumped 26 per cent to Rs 2,071.15 crore.
Mishra said that this week the quarterly results of big companies like Axis Bank, Tata Steel, Asian Paints, Bajaj Auto, Larsen & Toubro, Maruti Suzuki, Tata Motors and HDFC are to come. Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said, “On the global front, the outcome of the Federal Reserve meeting this week will be out. Apart from this, the GDP figures for the second quarter of America are also to be announced.
Last week, the 30-share BSE Sensex rose 2,311.45 points or 4.29 per cent. Apoorva Seth, Head – Markets Outlook, Samco Securities said that this week will be very active. The major developments during the week will be the outcome of the FOMC meeting and the US GDP figures. These figures will also have an impact on the sentiment of the Indian markets.
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