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Stock Market Update Companies Q4 Result Global Cues IIP Data 8 May 2022

Stock Market Update Companies Q4 Result Global Cues IIP Data 8 May 2022
Written by Arindam
Stock Market Update Companies Q4 Result Global Cues IIP Data 8 May 2022

Stock Market Update: If you have a plan to invest money in the stock market next week, then know how the stock market may move next week. The decline in Sensex and Nifty will continue or the market may recover. Let us tell you that the trend of the global market will be decided by inflation and the quarterly results of the companies. Market experts have expressed this opinion.

ups and downs may continue
Market experts believe that during the coming week, many types of data will be released at the global level, due to which the market may remain volatile this week as well.

Crude oil will also have an effect
Apart from this, the flow of foreign funds, crude oil prices and fluctuations of rupee against dollar will also decide the direction of the market. Santosh Meena, Head of Research, Swastika Investmart has said that the trend of the global market, volatility of dollar index and crude oil prices will continue to affect the market.

US inflation data will come on May 11
Apart from this, US inflation data is to come on 11 May, while India’s inflation and industrial production data is to come on 12 May. Certainly these figures will be important from the market point of view.

Which companies will report quarterly results?
Meena said that now is the last round of the results of the fourth quarter of the last financial year. Because of this, there can be a special momentum in the stocks of some companies. Let us tell you that during this week big companies like SBI, Tata Motors, L&T, UPL, Tech Mahindra and Cipla will release quarterly results.

Reliance’s result will react
Religare Broking Vice President Research Ajit Mishra has said that the market will first react to the quarterly results of Reliance Industries, which have been announced after the market close on Friday. Apart from this, the performance of Russia-Ukraine war and other markets will also affect here.

Reliance’s profit up 22.5%
Mishra said that on the macroeconomic front, inflation data based on IIP and Consumer Price Index will come on May 12. The eyes of the market will be on these figures. Reliance Industries’ net profit for the quarter ended March 2022 has increased by 22.5 percent.

IPO will also be open
Vinod Nair, Head of Research, Geojit Financial Services, said that this week the market will react to the inflation data around the world. Yesha Shah, Head of Equity Research, Samco Securities, said, “Besides the macroeconomic data, quarterly results, several Initial Public Offerings (IPOs) are also going to open during the week. In such a situation, volatility will continue in the market for now. Inflation data from US and China will decide the trend of global markets.

How much has the Sensex-Nifty slipped?
Let us tell you that last week the 30-share Sensex of BSE has come down by 2,225.29 points or 3.89 percent. At the same time, if we talk about Nifty, it has fallen by 691.30 points or 4.04 percent.

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Arindam

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