Market Outlook: How will the market move this week, these reasons will be behind the ups and downs of the market

Market Outlook: The direction of the stock markets will be mainly determined by the quarterly results of the companies, global trends and the foreign funds (FII) trend in this week of short trading sessions. Analysts have expressed this opinion. He said that due to the settlement of monthly derivative contracts, major volatility can also be seen on Dalal Street.

Business week will be short due to Republic Day

Santosh Meena, Research Chief, Swastika Investmart said, “This week will have fewer trading sessions due to Republic Day. In such a situation, the futures and options contracts for the month of January will be settled on January 25, i.e. Wednesday.”

“The global trend is also volatile and lacks any direction. However, any major movement in the global market can impact our markets as well. Due to aggressive selling in the first fortnight of this month, FII selling has reduced in the last few days. Institutional flows will be important for market direction. With Q3 earnings season underway, stock and sector specific movements may be seen.”

Quarterly results of these companies will come this week

Talking about the quarterly results, the earnings figures of Axis Bank, Maruti Suzuki India, Bajaj Auto, DLF, Tata Motors, Bajaj Finance and Vedanta will come during the week.

what do the experts say

Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd. said, “The market is expected to remain in a strong range due to stock specific activities regarding Q3 FY 2022-23 results and the upcoming Budget.” Apart from this, investors will also keep an eye on the activities of foreign institutional investors (FIIs), the ups and downs of rupee and Brent crude oil.

Vinod Nair, Research Chief, Geojit Financial Services, said, “Although the third quarter results have started with a weak trend, the recent results of IT and banking sector majors have been encouraging. Going forward, the market direction of companies is positive. Will be decided by the results of the third quarter. Last week, the 30-share BSE Sensex gained 360.59 points or 0.59 per cent.

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