new Delhi. The Indian stock will be eyeing the quarterly results next week and the possible extent of the global corona virus outbreak. According to experts, the stock market may again see a period of ups and downs. Which can lead to profit recovery. Corona virus is once again wreaking havoc in Europe. Because of which the decision to impose lockdown can happen. Due to which the global stock market may see a downward trend. The effect of which can be seen in the Indian stock market.
Foreign developments can affect the stock market
According to experts, in the coming week, foreign developments related to the corona virus may affect the stock market. Corona is seeing havoc once again in Europe. In such a situation, there may be reports of lockdown in some European countries. On which the Indian stock market will be watching. On the other hand, preparations of the President are also going on in America. In such a situation, the market will keep an eye on every statement of Donald Trump. At the same time, China’s GDP will be on the figures.
Quarterly results will be watched
Quarterly results of many companies are coming in the coming week, which may affect the stock market. This week will see quarterly results from Asian Paints, ACC, Bajaj Auto, Hindustan Unilever, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Hexaware Technologies and IDBI Bank. According to experts, the eyes of investors will be quarterly results of the companies.
Correction can be seen
The Bombay Stock Exchange’s leading index Sensex was down by 526.51 points or 1.29 per cent last week. According to experts, due to the rapid rise of the market, Kovid-19 can now get some correction. Due to this, there will be some ups and downs in the market, which is expected to remain for some time. Profit booking can also be seen at the current high level.