Winning Bizness Desk

Mumbai. The fate and feat of the stock markets will be decided this week by the decision on the interest rates of the General Budget 2023-24 and the Central Bank of America Federal Reserve. Analysts have expressed that the current quarterly results season, global market trends, domestic macroeconomic data and monthly vehicle sales figures will also influence the market direction. Santosh Meena, head of research, Swastika Investmart Ltd, said that the most important developments are the general budget to be presented on February 1 and the US central bank meeting on the same day. Where many companies will announce the earnings figures for the third quarter of the current financial year. At the same time, the figures of monthly sales of vehicles will also come during the week. The expert said that the market will also keep an eye on the Adani group this week. Inflow of Foreign Institutional Investors (FPI) will also be important for the direction of the market. Last week, after investment research company Hindenburg Research made serious allegations against the Adani group, the shares of the group have come down sharply.

Data regarding economic aspect will be crucial

On the macroeconomic front, PMI data for manufacturing and services sectors will come on Wednesday and Friday respectively. Apoorva Seth, head of market perspective and research at SAMCO Securities, has said that this week will be very important because of the presentation of the general budget on 1 February. During the week, quarterly results of many major companies like Larsen & Toubro, ACC, Sun Pharma, HDFC, ITC and SBI will come. Last week, the 30-share BSE Sensex lost 1,290.87 points or 2.12 per cent. The quarterly earnings of companies also affect the speed of the stock market. The FOMC meeting will be closely watched by investors around the world.

The results of the US central bank meeting will also be important

The activities of foreign investors who have withdrawn Rs 17,000 crore so far this month will also decide the market trend. Ajit Mishra, Vice President, Technical Research, Religare Broking Limited, said that due to the general budget, this week is going to be very important not only for the financial markets but also for the economy. Apart from this, the eyes of investors will be on the results of the meeting of the US Central Bank. He said that talking about the figures, the PMI figures for the monthly figures of vehicle sales for the manufacturing and service sector will also be watched by all.