Analysts said the stock market’s trading ahead of the week, cut short by the holiday season, will be highly dependent on ongoing quarterly results, global developments and movements of foreign funds.
Dalal Street could also face volatility amid monthly derivative maturities, they added.
“This week will be a shortened week as the market closes on Thursday in honor of Republic Day. Therefore, the January F&O maturity is scheduled for Wednesday, which could cause market volatility. There is a nature.
“Global cues are also volatile and directionless, but large swings in global markets can also affect markets. Institutional flows have slowed in recent days, but Swastika Investmart’s head of research Santosh Meena said:
For quarterly results, Axis Bank, Maruti Suzuki India, Bajaj Auto, DLF, Tata Motors, Bajaj Finance and Vedanta will report results this week.
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd. said:
Investors also track Foreign Institutional Investor (FII) trading activity, rupee and Brent crude oil movements.
Vinod Nair, Head of Research at Geojit Financial Services, said: Global market cues will determine future trends. ”
Analysts said weak third-quarter results, a weak budget outlook, FII sell-off and fears of global interest rate hikes dominated the market this week.
Last week, the 30-share BSE benchmark Sensex rose 360.59 points or 0.59%.
Ajit Mishra, Vice President of Technical Research at Religare Broking Ltd.