The move of the market will be decided by the quarterly results of the companies, know how the business will be in Sensex-Nifty?

Stock Market: After continuous volatility this week, the question in the mind of investors is how the market will move next week. Will the similar decline continue in the market or will there be some improvement. According to market experts, the direction of the stock markets will be decided this week by the quarterly results of the companies. Apart from this, there may be volatility in the market due to derivatives settlement. He said that apart from this, the local market will also take direction from the signals of the global market.

Feedback will be available on the results of RIL and ICICI Bank
Santosh Meena, Head of Research, Swastika Investmart, said, “If we talk about the indicators for the next week, then the quarterly results of the companies and the futures and options settlement for the month of October may remain volatile in the market.” Meena said. Said that on Monday the market will react to the results of Reliance Industries (RIL) and ICICI Bank.

Results of these companies will also come
He informed that during the week Tech Mahindra, Ambuja Cement, Axis Bank, Kotak Mahindra Bank, Adani Ports, L&T, Bajaj Auto (Bajaj AUto), ITC, Maruti Suzuki, DLF, Indigo and Tata Power will announce their quarterly results.

Global signals will also have an effect
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said, “On Monday, the market will react to the results of Reliance (RIL) and ICICI Bank. Apart from this, investors will also be watching the global trend.

Reliance profit up 43 percent
Let us tell you that ICICI Bank’s single net profit for the September quarter has reached a record Rs 5,511 crore. The net profit of the bank has increased due to reduction in bad loans. The quarterly result of the bank came on Saturday. Billionaire industrialist Mukesh Ambani-led Reliance Industries reported a 43 per cent increase in net profit for the September quarter. The company’s quarterly results came on Friday.

Know what the experts said
Yesha Shah, Head of Equity Research, Samco Securities, said, “The market will face some struggle this week and will remain in a narrow range. The market may remain volatile due to monthly settlement.” Last week, the 30-share BSE Sensex fell 484.33 points or 0.79 per cent.

Market may fall
Vinod Nair, Head of Research, Geojit Financial Services, said, “This week, the focus of the domestic markets will be on the companies’ second quarter results. If the results are not favourable, the market may fall further in the short term.

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