New Delhi. The direction of domestic stock markets will be determined this week by the quarterly results of companies, events related to Kovid-19 and the global trend. Analysts have expressed this opinion. He says that the process of profit-booking can also be seen at the current high level this week. Analysts said the market sentiment was affected last week by rising cases of Corona virus infection in Europe. Going forward, an increase in infection cases may affect investor sentiment.
Ajit Mishra, vice president-research, Religare Broking, said, “In the absence of any major developments, global indicators and cases of corona virus infection will determine the market direction.” If there are reports of any new curbs due to Kovid-19, the market will be affected. ”This week Asian Paints, ACC, Bajaj Auto, Hindustan Unilever, Ultratech Cement, Bajaj Finance, Bajaj Finserv, Hexaware Technologies and The quarterly results of IDBI Bank will come.
Siddharth Khemka, head of research, Motilal Oswal Financial Services, said, “The market will come down a little later. Investors will keep an eye on the quarterly results of the companies, data on the Kovid-19 transition globally, developments related to the US presidential election and China’s gross domestic product (GDP) data. Declined by 526.51 points, or 1.29 percent.
Vinod Nair, head of research, Geojit Financial Services, said, “With the market rapidly reaching the pre-Kovid-19 level, there will be some correction”. This will cause some fluctuations in the market, which will remain for some time. The market has high expectations from the second quarter results of the companies. “Nirali Shah, senior research analyst at SAMCO Securities, said,” The market will mainly take direction from the second quarter results of companies like Hindustan Lever. Profit booking can also be seen at the current high level.