Stock market experts have predicted that the central budget, the US Federal Bank’s external market meeting will have an impact on the stock trade this week.
The Union Finance Minister is scheduled to present the Union Budget for the upcoming financial year 2023-24 in Parliament on February 1. The Union Budget is very important not only for the financial markets but also for the economy. This is because different policies are announced for different sectors in the Union Budget. The US Federal Reserve’s open market meeting is scheduled for tomorrow and the day after. Most economists expect the Fed to raise interest rates at this meeting.
SBI, Larsen and Toubro, ITC, HDFC, Bajaj Pinserv, PPCL, Indian Oil Corporation, Power Grid Corporation, Sunpharma, Britannia Industries, Titan Company, Coal India More than 600 companies, including Tech Mahindra and GAIL, are set to release their December quarter financial results this week. Automakers including Maruti Suzuki India, Tata Motors and Royal Enfield will release their January vehicle sales figures this week. Foreign investors continue to sell more shares in Indian stock markets. Meanwhile, domestic investors are piling up their investments in equities. If foreign investors continue to sell more shares, it will hurt the stock markets.
Statistics on production and financial deficit of last December in 8 major sectors will be released tomorrow. The foreign exchange reserve statistics for the week ending January 27 will be released on February 3. Apart from this, stock market experts have predicted that the price of crude oil in the international market, the value of the Indian rupee against the US dollar, international and domestic conditions will also be the main factors determining the ups and downs in the Indian stock markets.