Q4 Results, Fed Interest Rate Decision, Market Trends To Influence Investors In The Week: Analysts

Market experts said that trading activity of foreign investors, movements in the global oil benchmark Brent crude, and fluctuations in currencies would also drive trading

The markets will mark the occasion of Maharashtra Day and remain closed on Wednesday

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Quartely financial results from companies, the interest rate decision of the US Federal Reserve, along with global trends will drive market in the week, analysts noted. Further, market experts said that trading activity of foreign investors, movements in the global oil benchmark Brent crude, and fluctuations in currencies would also influence sentiment in the market.

The markets will mark the occasion of Maharashtra Day and remain closed on Wednesday, reported PTI. Elaborating on the market outlook, Santosh Meena, Head of Research, Swastika Investmart Ltd, noted, “Domestically, the next batch of Q4 earnings reports will drive stock-specific movements. Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant. 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 consider.”

Amongst the major earnings expected in the week are Tata Chemicals, Adani Power, Adani Green Energy, MRF, Central Bank of India, IOC, and Titan. Vinod Nair, Head of Research, Geojit Financial Services, said, “The upcoming US Fed policy, US non-farm payroll data will dictate the global market, while the ongoing Q4 earnings reports are poised to influence the domestic market dynamics.”

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, added that market momentum is expected to recover and focus specifically on stock-based action owing to the ongoing earnings season and sector rotation. 

Notably, in the last week, both the key equity benchmarks rallied ahead. The BSE benchmark Sensex gained 641.83 points or 0.87 per cent, while the NSE Nifty50 jumped 272.95 points or 1.23 per cent.