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Home > Markets > Q2 earnings, macro data key for markets this week: Analysts
Markets
Q2 earnings, macro data key for markets this week: Analysts
By  
PTI   , Published : Nov 3, 2019, 5:07 pm IST | Updated : Nov 3, 2019, 5:07 pm IST

With no major events due this week, market will focus on the next leg of corporate result announcements, said Vinod Nair of Geojit.

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)
Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)

New Delhi: Quarterly earnings from bluechips like HDFC, macroeconomic data points and global cues would drive equity market sentiment this week, say analysts.

"With no major events due this week, market will focus on the next leg of corporate result announcements. Key players like HDFC, Tech Mahindra, Sun Pharma to announce results.

"Auto companies will be in radar after they reported weak set of sales for October," said Vinod Nair, Head of Research, Geojit Financial Services.

Major companies set to announce their quarterly earnings this week are HDFC, Indian Overseas Bank, Jindal Steel & Power, Canara Bank, Cipla, Corporation Bank, Tata Steel, Ashok Leyland and Bank of Baroda.

PMI data for the services sector, scheduled for Tuesday, would also influence trading sentiment.

"We believe that Mr. Market would turn volatile in the weeks ahead as it will witness profit booking at higher levels, markets will also see a churn out of large caps with inflows in select midcaps," said Jimeet Modi, Founder and CEO, SAMCO Securities & StockNote.

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent.

A lot will also depend on how global markets are performing as they will direct domestic sentiments, said Mustafa Nadeem, CEO, Epic Research.

Participants will also keep an eye on foreign fund inflows, crude oil prices and rupee-dollar movement, experts added.

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Tags: 
bse, nse, sensex, nifty, stock markets, share markets, trade, trading, share market outlook
Location: 
India, Delhi, New Delhi
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

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