Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said.
Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading.
Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day.
“Domestically, the next batch of Q4 earnings reports will drive stock-specific movements,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant, he said.
“On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1st will be important. Economic data releases from China and the US, along with movement in the global currency market, will also be the factors to
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