Categories: Business

RBI policy, Q1 results, economic data to guide market this week

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stock market next week

new Delhi. The direction of domestic stock markets will be decided this week by several major developments such as the Reserve Bank's Monetary Policy Review meeting, macroeconomic data and quarterly results of companies. Market experts say that in the beginning of the week, the market will also react to the vehicle sales data for the month of July. Vehicle sales figures improved in July amid the Kovid-19 epidemic. Most parts of the country are now in the unlock phase. In such a situation, the sales figures of the vehicle industry in July have been much better than the previous month. Apart from this, now the situation of the vehicle industry is also normal in terms of production.

Ajit Mishra, vice president-research, Religare Broking, said, "The market will react to vehicle sales figures going forward. Apart from this, the market will also keep an eye on the monetary policy review meeting. ”On the broad data front, market participants will also be looking at the PMI manufacturing and services sector data. These figures are due this week. The quarterly results of big companies like Bharti Airtel, Tata Steel, Lupine, Titan, Voltas, Apollo Tires, Canara Bank, Adani Power and Mahindra & Mahindra are expected to arrive during the week.

Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, "We believe that the trend of market volatility and share-based activities will continue. Based on the quarterly results, some companies will see activity in their shares. Apart from this, market participants will also be waiting for developments related to the US stimulus package. "The three-day meeting of the Reserve Bank's Monetary Policy Committee (MPC) will begin on August 4. The results of the meeting will be announced on August 6. The trend in the case of Kovid-19 and developments related to US-China relations will determine the direction of global markets during the week.

This post was published on August 2, 2020 2:52 pm

Content Team

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