According to experts, the results of the US central bank meeting are now behind, but due to the general budget to be presented on February 1 and Russia-Ukraine tensions, the market may remain volatile this week.
Rising crude oil prices are another issue for emerging markets like India
the household Stock Markets For this week will be full of developments. Many important activities are going to happen during the week, which will give direction to the market. Analysts say this week General Budget (Budget 2022)The macroeconomic data, quarterly results of companies and global trend will guide the market. stock market last week US Federal Reserve (US Fed) The meeting was affected by the reaction of global markets due to Russia-Ukraine conflicts. The BSE 30-share Sensex had fallen 1,836.95 points or 3.11 per cent during low trading sessions last week.
Ajit Mishra, Vice President Research, Religare Broking said, “This week is important not only for the stock market, but for the economy at large. The general budget will be presented on February 1. We are hopeful that the government will move forward on the agenda of growth, but at the same time bring a roadmap for fiscal consolidation. This week will be important for auto companies. Automobile companies will present their monthly sales figures on February 1.
investors be careful
Apart from this, the manufacturing and services PMI figures are also to come during the week, he added. Mishra said the Union Budget will determine the future course of action for the domestic markets amid a global sell-off. Along with this, market volatility remains high during ‘Budget Week’, so market participants should adopt a cautious approach.
Market likely to rise after budget
Santosh Meena, Head of Research, Swastika Investmart said, “This week is going to be very important and very volatile because of the Union Budget. But this time the good thing is that the market is moving with a light trend regarding the budget. In such a situation, there is a possibility of a boom in the market after the budget. A similar trend was visible last year. Last year also, there was a process of selling before the budget and then buying.
Geopolitical uncertainty another big concern
Meena said that apart from the budget, global indicators will be very important. The global market is preparing itself for an interest rate hike scenario, but geopolitical uncertainty is another major concern. Meena said, rise in dollar index and rising crude oil prices are other issues for emerging markets like India. We are in the middle of our third quarter results session and so far it has been good. This week also the quarterly results of many companies are to come.
These factors will also dominate
According to Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, although the outcome of the US central bank meeting is now behind, the general budget to be presented on February 1 and Russia-Ukraine tensions have led to a market volatility this week. – There may be ups and downs.
Vinod Nair, Head of Research, Geojit Financial Services said, PMI data for January will be released this week. Among other things, investors will also keep an eye on these figures.
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