Comments
Earnings of bluechips like Axis Bank and Maruti Suzuki as well as derivatives expiry will dictate the market trend in a holiday-shortened week ahead. Stock markets will remain closed on Friday for Republic Day.
“Going ahead, the focus of the markets would continue to be on the quarterly results as well as the upcoming Budget on February 1. Volatility is also expected owing to futures and options (F&O) expiry on January 25,” said Teena Virmani, Vice-President — Research, Kotak Securities.
Vinod Nair, Head of Research, Geojit Financial Services, said: “For the week ahead, market will closely watch the progress of Q3 results which will dictate the overall trend of the market, while volatility may be heightened due to F&O expiry.”
Companies, which are scheduled to announce their results this week, include Axis Bank, Maruti Suzuki India, Canara Bank, Idea Cellular, Coal India, and Dr Reddy’s Laboratories.
“The next crucial trigger for the market will be Budget which will increase the volatility for sure and we may see wider moves,” said Mustafa Nadeem, CEO, Epic Research.
The Sensex recorded a rise of 919.19 points or 2.65 per cent, while the Nifty gained 213.45 points or 1.99 per cent last week.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.