Out of these 143 items, 92 per cent are proposed to be shifted from the 18 per cent tax slab to the top 28 per cent slab

Winning Bizness Desk

Mumbai. Equity markets are likely to witness volatility in the coming week due to the end of monthly derivatives deadlines and quarterly results of companies coupled with global trends. According to analysts, the market will also keep an eye on fund outflows of foreign investors. Analysts are of the view that the new week will start on a slightly softer level after sharp fall in the US market on Friday following sharp remarks by the US Federal Reserve and weak earnings. This week's sentiments may be influenced by global cues along with the end of April monthly derivatives expiry and Q4 results.

Many quarterly results will come in this week

Santosh Meena, Head of Research, Swastika Investmart Ltd. said that the reaction of the market will be seen on the quarterly results of ICICI Bank on Monday. At the same time, quarterly results of HDFC Life, Bajaj Auto, HUL, Ambuja Cement, Axis Bank, Bajaj Finserv, Vedanta, IndusInd Bank, Maruti Suzuki, UltraTech Cement and Wipro are also going to come this week. Meena said that Foreign Institutional Investors (FIIs) are continuing to sell in the Indian equity market and will keep an eye on their behavior this week amid concerns of a rate hike in the US. He said that the market will also keep an eye on crude oil prices amid the uncertainty surrounding the Russo-Ukraine war.

War continues in Eastern Europe

Joseph Thomas, Head of Research, Emkay Wealth Management, said: "Eastern Europe is still in a constant state of war. The ECB is likely to change rates, and the response of the Federal Reserve will also determine the market's trend in the coming weeks. Domestic stock markets closed with losses in the last week. Last week, the Sensex lost 1,141.78 points, or 1.95 per cent, while the Nifty was down 303.70 points, or 1.73 per cent.

Possibility of a hike in Fed Reserve rates

Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd., says, "The possibility of a hike in Fed Reserve rates, rising inflation and bond yields apart from sluggish economic growth, prolongation of the Russia-Ukraine war and volatile crude oil prices." making the markets uncertain. Poor selling by foreign investors coupled with weak results of some big companies has also put the market under pressure.” Julius Baer Executive Director Milind Muchla said investors may prefer to wait for the announcement of results of more companies. "The market is likely to see significant volatility in the near term due to concerns about rising commodity prices due to geopolitical situation and supply chain challenges, and fears of the Fed Reserve raising rates," he said.