The movement of Indian stock markets this week will be determined by the announcements after Donald Trump takes oath as US President and the activities of foreign portfolio investors (FPIs). Market experts have expressed this opinion. Trump will take oath as US President for the second term on Monday. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd, said that all eyes are on Donald Trump on the global front. Trump will formally take oath as the 47th President of America on January 20. He is returning to the White House again. After he takes power, all eyes will be on the announcement of trade tariffs and its impact on global trade. Trump has threatened to impose reciprocal tax on India in his election campaign. Meaning that if India imposes tax on American products, America will impose the same tax. If Trump does something like this, then there is a possibility of a big fall in the Indian stock market.
These factors will also affect the market
Next week, big companies like HDFC Bank, ICICI Bank will announce their quarterly results. Apart from this, many big companies including Bharat Petroleum Corporation Ltd. (BPCL), HDFC Bank, Hindustan Unilever, Dr. Reddy's, UltraTech Cement, JSW Steel and ICICI Bank will announce their December quarter results. Apart from this, the conflict between foreign institutional investors (FIIs) and domestic institutional investors (DIIs) is also adding to the complexity of the market. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd, said that as the quarterly results season progresses, investors' attention is expected to focus on the upcoming Union Budget, which will outline the government's economic and fiscal stance for the year. Market participants will closely monitor policy measures, fiscal allocations and development initiatives. Global crude oil prices, movement of rupee against the dollar will also be important for the market direction.
There will be fluctuations in the stock market
Siddharth Khemka, Head of Research-Wealth Management, Motilal Oswal Financial Services Limited, said that the series of results for the third quarter is continuing. In such a situation, there will be fluctuations in the domestic stock market. Some stock-specific activities can be seen. Investors will keep an eye on the quarterly results of companies and the comments of the management. He said that after Trump takes oath as President, policy announcements will greatly affect the market sentiment globally. Last week, the 30-share BSE Sensex fell 759.58 points or 0.98 percent. At the same time, the National Stock Exchange's Nifty fell 228.3 points or 0.97 percent.
Market will maintain cautious stance
Religare Broking Ltd. Senior Vice President-Research Ajit Mishra said that going forward, we expect the market to maintain a cautious stance this week due to many domestic and global factors. During the week, quarterly results of big companies like Hindustan Unilever, HDFC Bank, ICICI Bank, BPCL and Hindustan Petroleum are coming, which everyone will be eyeing. Mishra said that apart from this, Donald Trump is taking oath on January 20. After he takes power, everyone will be eyeing the announcement of trade tariffs and its impact on global trade.
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