Suspense Crime Sach Ka Dam
The stock market is witnessing a period of decline. However, on Friday, after a decline that continued for several days, it closed in the green. After this, investors are worried about whether the market will continue to rise in the new week starting from Monday or if the decline will return. Market experts say that the direction of the stock markets this week will be decided by the quarterly results of companies, global trends, and the activities of foreign investors. The market may see fluctuations during the week. Pravesh Gaur, Senior Technical Analyst of Swastika Investment Ltd. said that everyone will be looking at the second quarter results of companies. Apart from this, geopolitical risks are expected to increase due to increasing tensions between Israel and Iran, which may lead to a surge in crude oil prices and fluctuations may be seen in the market.
Foreign investors are continuously selling.
Foreign institutional investors (FIIs) have so far played a major role in the performance of the Indian market. Their stance will depend on global economic conditions and domestic political developments.” HDFC Bank’s consolidated net profit for the September quarter increased by six percent to Rs 17,825.91 crore. The bank’s quarterly results came on Saturday. On a standalone basis, the net profit of the largest private sector bank increased to Rs 16,820.97 crore in the September quarter, as against Rs 15,976.11 crore in the same period a year ago. Religare Broking Ltd. Senior Vice President Ajit Mishra said, “In the absence of any major indicator, market participants will keep an eye on the quarterly results of the companies. First of all, they will react to the results of big banks like HDFC Bank and Kotak Bank.”
The results of these companies will be monitored.
He said that after this, companies like ITC, Hindustan Unilever, Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL) and UltraTech Cement will also announce their quarterly results. Apart from this, quarterly results of Bajaj Housing Finance, Adani Green Energy, Bajaj Finance, One97 Communications, Zomato, Bajaj Finserv, and Bank of Baroda will also come during the week. Kotak Mahindra Bank’s September quarter profit has increased by 13 percent. The bank announced its results on Saturday. The bank’s consolidated profit in the September quarter was Rs 5,044 crore. On a standalone basis, the bank’s net profit during the quarter increased by five percent to Rs 3,344 crore. Prashant Tapase, Senior Vice President (Research), at Mehta Equities Limited, said, “Investors are being cautious due to geopolitical uncertainty, slowdown in the Chinese economy, and continued FII withdrawal from domestic markets.
Withdrawals lead to a decline in the domestic market.
Last week, the domestic market declined due to the heavy withdrawal of foreign funds. Last week, the 30-share BSE Sensex fell 156.61 points or 0.19 percent. The National Stock Exchange’s Nifty fell 110.2 points or 0.44 percent. VK Vijaykumar, Chief Investment Strategist, at Geojit Financial Services, said, “The trend of FII selling and DII (domestic institutional investors) buying is likely to continue shortly. The reason for the selling by foreign institutional investors is the high valuation in India and the cheap valuation of Chinese stocks.
