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Share Market Next Week: Last week was nothing special for the stock market. There was a lot of upheaval in the banking and finance stocks during the week and there was a huge fall in the market on the last day i.e. Friday. Now after the weekly holiday of two days, trading will start in the market on Monday. And this week many factors will affect the movement of the market.
Quarterly results of many companies are going to come during this week. Apart from the results of big companies, global trends will also decide the direction of the stock markets this week. The business activities of Foreign Portfolio Investors (FPIs) will also be under watch. At the same time, the performance of major segments like Auto, FMCG, Energy, IT and Bank will also affect the market.
These companies will tell the result
During this week, companies like Asian Paints, Cipla, Eicher Motors, Larsen & Toubro and UPL will announce their financial results for the fourth quarter of the previous financial year. Apart from these, the quarterly results of Apollo Tyres, Indian Overseas Bank and Tata Motors will also be announced during the week.
last week was like this
Talking about the last week, there was only 4 trading days in the market. During the holiday-affected week, Sensex and Nifty incurred significant losses on the last day. The Sensex fell by about 700 points and the Nifty by about 1.15 per cent on the last day, thus limiting the gains of both the major domestic indices during the week.
The effect of these external factors
The movement of rupee against dollar and crude oil prices may also affect the market sentiment this week. The global market is going through a period of softness. The banking crisis in America is not stopping and many American regional banks are in its grip. These external factors will also have an impact on the domestic market.
These important figures will be released
On the domestic front, many important macroeconomic figures are going to be released this week. During the week, the data of industrial production index and consumer price index based inflation i.e. retail inflation will be released. Apart from this, the US inflation data is also going to come on 10th April. All these figures can show the effect on the market.
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