शेयर बाजार में इस हफ्ते तेजी का अनुमान: बजट-कंपनियों के तिमाही नतीजों से लेकर FII फ्लो तक, यह फैक्टर्स तय करेंगे बाजार की चाल

The stock market may see a rise this week. The market will keep an eye on Union Budget 2024, first quarter (Q1FY25) results of companies, domestic economic data, US GDP, global economic data, FII-DII flow and upcoming IPOs.

Here we are telling you about such factors which will decide the market movement this week…

1. Union Budget 2024
All eyes will be on the first Union Budget of the NDA government 3.0 to be presented on July 23. Analysts expect the budget to be industry-friendly, with the government trying to strike a balance between fiscal deficit, capital expenditure for development, and social expenditure.

Also, the focus will be on job creation, Make in India initiative, green energy, growth in rural and urban areas. Apart from this, domestic and foreign investors will also keep an eye on the government’s stance on long term capital gains tax.

2. Companies will release their first quarter results
The market will also keep an eye on the first quarter i.e. April-June quarter results of companies. In the new week, about 300 companies will release their quarterly results. Results of big companies like Bajaj Finance, Hindustan Unilever, Axis Bank, Bajaj Finserv, Larsen & Toubro, SBI Life Insurance Company, Nestle India, Tech Mahindra, Cipla, IndusInd Bank, Power Grid Corporation of India, Shriram Finance, Dr. Reddy’s Laboratories and ICICI Bank will come.

Apart from this, InterGlobe Aviation, ICICI Prudential Life Insurance Company, Allied Blenders & Distillers, Coforge, IDBI Bank, Suzlon Energy, ICICI Securities, M&M Financial Services, Torrent Pharma, United Spirits, Aditya Birla Sun Life AMC, Federal Bank, Indraprastha Gas, Jindal Steel & Power, Ashok Leyland, Canara Bank, DLF and MCX India will also announce their results.

3. Domestic economic data
Apart from the budget and corporate results, the market will also keep an eye on the HSBC manufacturing and service PMI data for July to be released on July 24. The manufacturing PMI rose from 57.5 in May to 58.3 in June and the service PMI rose from 60.2 to 60.5 during the same period.

The market will also keep an eye on bank loan-deposit growth for the 15-day period ending July 12 and foreign exchange reserve data for the week ending July 19, to be released on July 26.

4. US GDP
Globally, market participants will be keeping an eye on the advance estimate of US GDP growth for the June quarter of 2024. The US economy is expected to report better data during the June quarter compared to the 1.4% growth recorded in the March quarter (Q1-2024).

Apart from this, core PCE prices for Q2-2024 and US durable goods orders and retail sales for June will also be monitored. All these figures will be important for the policy decision of the US central bank Federal Reserve.

5. Global economic data
The market will also keep an eye on manufacturing and service PMI data for July in economies like America, Europe and Japan.

6. FII-DII flow
The market will also keep an eye on the activities of Foreign Institutional Investors (FIIs). FIIs remained consistent buyers in Indian equities last week. During this period, they bought shares worth Rs 10,946 crore, taking the total monthly net purchase in the cash section to Rs 21,664 crore.

The data indicated that FIIs were buyers in technology, telecom, oil and gas, auto, healthcare and capital goods sectors. However, there was a lack of buying in financial services. On the other hand, domestic institutional investors (DIIs) booked profits and sold shares worth Rs 4,226 crore during the week. This brought down their net purchases to just Rs 779 crore for July.

7. Initial Public Offering (IPO)
7 new IPOs are opening in the week starting from 22nd July. All of these are from the SME segment. Apart from this, the IPO of Sunstar Limited, which is already open in the mainboard segment, is going to close on 23rd July. 7 new IPOs are coming, out of which the issue of RNFI Services will open on 22nd July.

The IPO of VVIP Infratech and VL Infra Projects will open on 23 July. The IPO of Mangalam Infra and Engineering and Chetna Education will open on 24 July. The public issue of Aprameya Engineering and Clinitek Laboratories is going to open on 25 July.

The stock market made an all-time high on Friday
In the last trading week, the Sensex rose by 0.71%. Nifty also rose by 0.40%. On the last trading day of the week, Friday, July 19, the stock market made an all-time high. During trading, the Sensex touched 81,587 and the Nifty touched 24,853. However, after this, the market saw a decline.

The Sensex closed at 80,604 with a fall of 738 points. The Nifty also fell by 269 points and closed at 24,530. Out of the 30 Sensex stocks, 26 saw a fall and 4 saw a rise.