The movement of the stock market will focus on many factors in the week starting tomorrow, due to which changes can be seen in the situation of Sensex-Nifty. The most important among these is the results of the assembly elections held in many states recently, investors will keep a close eye on these election results.
Apart from this, the tension between America and Iran (US Vs Iran) is not decreasing, Trump is raising doubts on the Iranian proposal for peace talks, due to this there is a fear of a sharp increase in the prices of crude, apart from these things, the quarterly results of many companies will also prove to decide the movement of the stock market.
First factor: Impact of election results on the market
According to PTI report, analysts are blaming various factors for the stock market outlook next week. He says that mainly the fluctuations in crude oil prices due to the results of assembly elections and the West Asia conflict can affect the stock market. 5 states that became prosperous in India in the past, west bengalThe results of the elections of Tamil Nadu, Kerala, Assam and Puducherry will be counted on Monday, the first day of the week, the effect of which will also be seen on the movement of Sensex-Nifty.
According to PTI report, analyst Hariprasad K says that the most immediate impact will be on the market by the results of the assembly elections. He said that the focus will be on whether the ruling party at the Center can defeat the Trinamool Congress in West Bengal and whether change can be seen in opposition-ruled states like Kerala and Tamil Nadu.
Second factor: Crude price and watch on Hormuz
Investors are keeping an eye on the updates related to Hormuz Strait closure and these may affect the market movements. Analysts say that crude oil remains the most important macroeconomic factor. Brent Crude Oil Price remains high amid tension between America and Iran over Hormuz Strait, which is increasing the risk of inflation. Rising oil prices are considered a big crisis for an economy like India that is dependent on oil imports. Let us tell you that the price of crude oil in the international market is crossing $ 114 per barrel.
Third factor: Quarterly results of companies
Along with crude oil and election results, the movement of the stock market will also be influenced by the fourth quarter results being released by various companies. Next week, the quarters of companies like Ambuja Cements, BHEL, Hero MotoCorp, M&M and Bajaj Auto will come. The loss or profit incurred by them will prove to affect the sentiment of investors.
On the other hand, the attitude of foreign investors will also bring changes in Sensex-Nifty, while HSBC Manufacturing PMI (May 4), Services PMI data (May 6) and Foreign Exchange Reserves data (May 8) will come, which can change the movement of the market.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)
—- End —-
Source link
[ad_3]
