indian stock markets The move will be determined by the announcements and activities of foreign portfolio investors (FPIs) after the swearing-in of Donald Trump as the US President this week. Market experts have expressed this opinion. Trump will be sworn in as US President for a second term on Monday. Pravesh Gaur, senior technical analyst, Swastika Investmart Limited, said that on the global front, all eyes are on Donald Trump. Trump will formally be sworn in as the 47th President of the United States on January 20. He is returning to the White House again. After he assumes power, everyone will be watching for the announcement of trade tariffs and their impact on global trade. Trump has threatened to impose reciprocal tax on India in his election campaign. Meaning that if India imposes the same tax on American products, America will impose the same tax. If Trump does something like this, there is a possibility of a big fall in the Indian stock market.
These factors will also affect the market
Quarterly results of big companies like HDFC Bank, ICICI Bank will come next week. 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 increasing the complexity of the market. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd, said 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 keep a close eye on policy measures, fiscal allocations and development initiatives. Globally, crude oil prices and movement of rupee against dollar will also be important for the direction of the market.
There will be ups and downs in the stock market
Siddharth Khemka, Head of Research-Wealth Management, Motilal Oswal Financial Services Limited said that the results for the third quarter are in progress. In such a situation, there will be fluctuations in the domestic stock market. Some stock specific activities may be seen. Investors will keep an eye on the companies’ quarterly results and management comments. He said that policy announcements after Trump takes oath as President will significantly impact market sentiment globally. Last week, the 30-share BSE Sensex fell 759.58 points or 0.98 percent. At the same time, a decline of 228.3 points or 0.97 percent was recorded in the Nifty of the National Stock Exchange.
The market will maintain a cautious attitude
Ajit Mishra, Senior Vice President-Research, Religare Broking Ltd. said that going forward we expect the market to remain cautious this week due to several 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, on which everyone’s eyes will be. Mishra said that apart from this, Donald Trump is taking oath on January 20. After he assumes power, everyone will be watching for the announcement of trade tariffs and their impact on global trade.
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