The week ahead : Q4 results and global cues to drive the markets..

The Indian benchmark indices closed on a positive note – thanks to the dovish stand taken by RBI and the prediction of a normal monsoon in the months to come.  Both the Sensex and the Nifty closed in green for the second consecutive week at 33,647 and 10,331 (Approximately up by 2%). The mid cap indices closed 4% up backed by the surge in broader indices.

Going ahead, there was a sharp fall in the US markets due to trade war tensions and weak non-farm pay roll data. The Indian markets might react to it on Monday morning. The first quarter of the year hence, has become a choppy session that hit record highs in January and crashing in February and March. In effect the indices are down by around 10% to 15% from the recent peak. If the trade war continues for an indefinite time, it will have far reaching consequences for the global economy and the stock markets.

The market movement will be based on the global response to the on-going trade war and of course domestic data release like – IIP data for February, consumer price inflation for March and the Q4 earnings numbers put out by the companies. Overall the market is volatile and investors may tread with caution.

You may like these posts:

  1. The week ahead:Inflation data and global cues to drive the markets..
  2. The week ahead: uncertainties in US to boost the markets..
  3. The week ahead: tread carefully.

Leave a Comment