Q4 earnings, pace of vaccination, global trends to dictate markets this week: Analysts In absence of any major event, participants will be closely eyeing the performance of global indices, US bond yields, movement of rupee against the US dollar, and crude oil prices.
Sensex jumps over 150 pts in early trade; UltraTech Cement, Asian Paints, HCL Tech, HDFC, Tech Mahindra and M&M among top gainers
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Equity markets this week are likely to follow the quarterly earnings outcome of listed companies, pace of vaccination drive in the country and global market trends for further direction, according to analysts.
Markets to be guided by COVID-19 situation, macro data, earnings this week: Analysts
They also added that state election results are unlikely to have any major impact on the markets and the major determining factor will be the rising COVID-19 cases and how governments (both central and states) are going to address this health crisis.
sensex fall
Market movement this week will be influenced by updates on the COVID-19 front, macroeconomic data announcement, quarterly earnings and global trends, said analysts.
They also added that state election results are unlikely to have any major impact on the markets and the major determining factor will be the rising COVID-19 cases and how governments (both central and states) are going to address this health crisis.
Investor wealth on Friday declined over Rs 2.23 trillion as markets cracked. The 30-share BSE Sensex slumped 549.49 points or 1.11 per cent to close at 49,034.67. During the day, it plunged 788.37 points to 48,795.79. Following the bearish trend, the market capitalisation of the BSE-listed companies dived Rs 2,23,012.44 crore to Rs 1,95,43,560.22 crore. Religare Broking Vice-President (Research) Ajit Mishra said, Markets traded volatile and settled with a cut of over a per cent. Participants were in the profit-taking mood from the beginning citing overbought market conditions. He added that the global cues also remained unsupportive in Friday s session. Tech Mahindra was the top loser in the Sensex pack, falling 4.35 per cent, followed by HCL Tech, Oil and Natural Gas Corporation (ONGC) and Asian Paints.