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- Sensex And Stock Market Movement This Week; Factors Affects Market Movement, Companies Results Q3 Results,
Mumbai56 minutes ago
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There are expectations of fluctuations in the stock market this week. During this period, companies like Reliance, Infosys, HCL Tech, Tech Mahindra, Wipro, Kotak Mahindra Bank, Axis Bank will release the results for the third quarter of the financial year 2024-25.
After the sharp decline in the market last week, the market is expected to strengthen in the week starting from January 13, but the earnings data of companies, monthly inflation data of America and Europe, quarterly growth data of China and announcement of crude oil prices will not be available. Like many factors will decide the movement of the market.
According to Vinod Nair, Research Head, Geojit Financial Services, the market is expected to remain volatile this week. Because investors' reactions to earnings, macroeconomic data and global signals will be monitored.
On the global front, labor market data and inflation trends in the US economy may impact FII flows. Whereas the rise in crude oil prices will increase inflationary pressure.
5 factors which will decide the market movement this week…
1. Third Quarter Results: The market will also focus on the corporate earnings coming this week. Companies like Reliance Industries, Infosys, HCL Tech, Tech Mahindra, Wipro, Kotak Mahindra Bank, Axis Bank will release their results. They have more than 30% weightage in Nifty 50. These results will affect market movements. TCS has made a good start with its quarterly results.
2. Retail inflation figures: The market will also keep an eye on the December retail inflation data to be released on January 13. Retail inflation declined to 5.48% in the month of November. It was 0.73% less than in October. In October, retail inflation had reached 6.21% due to cost of food items.
Inflation declined in November due to lower prices of food items. Food items contribute about 50% to the inflation basket. It is expected to come down to 5.3% in December. Apart from this, Balance of Trade data will be released this week on January 15 and Forex data will be released on January 17. These will also play an important role in deciding the direction of the market.
3. America's inflation figures: America's inflation figures will be released. Strong US jobs data last week suggests a pause in the interest rate cycle in the upcoming policy meeting.
Economists see inflation data rising marginally in December from 2.7% last month, while the core inflation rate is expected to remain steady at 3.3%. Apart from this, PPI, Retail Sales, Housing Starts and Industrial Production numbers and weekly job data for December will also be kept under eye.
4. China's GDP and other global economic data: The market will also keep an eye on China's GDP numbers for the October-December 2024 quarter. Regarding this, the analyst believes that it is likely to be around 5%.
It was 4.6% in the previous quarter, which fell to 4.6% from 4.7% in the second quarter (Q2-2024) of the last financial year. Apart from this, the market will also keep an eye on inflation data from Europe and UK and vehicle and retail sales data from China.
5. FII's और DII's: Apart from this, there will also be focus on institutional activities. Because Foreign Portfolio Investors (FII) have sold a lot last week. If we talk about this month so far, the total outflow from the market has been Rs 21,357 crore.
However, domestic institutional investors (DIIs) fully offset the foreign outflows. Last week DII bought shares worth Rs 21,683 crore and so far in January it has bought Rs 24,216 crore. DIIs are buying in case of market decline.
The stock market had fallen 1845 points last week.
On the last trading day of the week i.e. Friday (January 10), the Sensex fell by 241 points and closed at 77,378. Nifty also fell by 95 points, it closed at the level of 23,431. BSE Smallcap closed at 52,722 with a fall of 1298 points.
Out of 30 Sensex stocks, 22 declined and 8 rose. Out of 50 Nifty stocks, 36 declined and 14 rose. While one stock closed without any change. IT sector accounted for 3.44% in NSE sectoral index. Apart from this, all the sectors closed with decline. Media sector fell the most by 3.59%. At the same time, after a week of trading, the stock market has fallen by 1845 points.
