Equity markets may face volatility this week amid monthly derivatives expiry, and global trends along with the ongoing quarterly earnings by corporates would continue to play a major role in trading movement, analysts said. Markets would also keenly track foreign fund movement amid unabated outflows. "It is expected that this week will also kick off on a sombre note on the back of sharp fall in the US market on Friday after hawkish commentary by the US Fed and weak earnings. The global cues may dominate this week along with April month F&O expiry and Q4 earnings. "In terms of Q4 earnings, market will react to the results of ICICI Bank on Monday while HDFC Life, Bajaj Auto, HUL, Ambuja Cement, Axis Bank, Bajaj Finserv, Vedanta, IndusInd Bank, Maruti Suzuki, Ultratech Cement and Wipro will be other key results which are scheduled this week," said Santosh Meena, Head of Research, Swastika Investmart Ltd. FIIs are continuously selling in the Indian equity market and their behaviour ...
Rising US yields halt indices after two days of gains
Sensex, Nifty rise 2.6% in 2 days, erasing half the losses made in last 5 sessions
CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers
Domestic institutional investors pumped in close to Rs 4,000 crore on Tuesday.
CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)
CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment
In Monday's early trade, the two frontline indices dropped 2 per cent each as IT major Infosys and banking giant HDFC Bank plunged sharply on disappointing Q4 performance
The Nifty50 index ended the truncated week at 17,476 - close to its 20-day exponential moving average of 17,450
CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index
This is fifth decline in six sessions; analysts expect markets to react to inflation data today
Most analysts have broadly maintained their 'buy' rating on the stock as they believe the company's demand outlook for FY23 remains robust despite macro-headwinds.
CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each
Rising bond yields are considered to be negative for the equity markets, at least in the near-term.
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
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Rise in combined net profit likely to be led by banks, oil & gas companies, and Tata Motors
Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday
After Friday's gains, the Sensex gained 0.3% and the Nifty gained 0.6% during the week
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations