Next week, the local equities market will be guided by India Inc’s Q4FY22 quarterly results season, as well as macroeconomic inflation and industrial output data points.
Next week, the local equities market will be guided by India Inc’s Q4FY22 quarterly results season, as well as macroeconomic inflation and industrial output data points.
Furthermore, the price of crude oil, as well as the prices of other important commodities, will have an impact on investor mood.
“The fourth-quarter results season will begin on Monday, and the market’s emphasis will move to individual equities,” said Deepak Jasani, HDFC securities’ Head of Retail Research.
The market tides have always turned as per RBI’s stance. So, naturally, when the RBI is striving to keep the inflation low, it influences the valuations in the markets over time.
The Reserve Bank of India (RBI) has adopted a mildly hawkish posture, which may have an impact on market valuations over time. The next Q4 FY22 earnings season, which begins next week, will be a crucial predictor of market direction.
In addition, Jasani believes that over the next three days, Nifty might find support in the 17,522-17,560 area and encounter opposition in the 17,900-17,921 band.
Despite challenges from an uncertain global environment and persistent inflation, equities markets have demonstrated great resilience, according to Siddhartha Khemka, Head–Retail Research, Motilal Oswal Financial Services.
On March 12, the Central Statistics Office (CSO) will issue macroeconomic data points such as the Index of Industrial Production (IIP) and the Consumer Price Index (CPI), in addition to the Q4FY22 findings.
Investors will also be interested in the macroeconomic data points of the WPI (Wholesale Price Index) and India’s trade statistics.
“The attention will move in the coming weeks to the Q4 results season, which will be kicked off by the IT and banking sectors next week. The banking sector’s outlook is positive owing to a significant increase in loan growth and a strengthening of the balance sheet, while the IT sector’s outlook is mixed because Q4 is traditionally a slow quarter “Geojit Financial Services’ Head of Research, Vinod Nair, stated.
“Major domestic economic statistics, including as the March inflation rate, industrial production, and manufacturing production figures, are also expected to be released next week,” says the market.
