Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend.
Chief Minister Arvind Kejriwal's unexpected announcement to resign after two days kicked up a strong buzz on Sunday over the names of his wife Sunita and his ministers Atishi and Gopal Rai as his possible replacement.
Kejriwal asserted that his party could not be crushed by sending its leaders to jail.
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
RBI's interest rate decision, macroeconomic data, global trends and trading activity of foreign investors are the crucial factors to drive equity markets in a holiday-shortened week ahead, analysts said. Markets would remain closed on Monday for Gandhi Jayanti. "While global cues will continue to dictate trends in local markets, focus will shift to RBI's monetary policy announcement on Friday. "Although the market is expecting a status quo on interest rates, global concerns like rising US dollar index and bond yields coupled with surging crude oil prices continue to weigh on investors' minds.
With the first quarter earnings season coming to an end, the domestic equity markets would be driven by global trends and trading activity of foreign investors this week, analysts said. The movement of global oil benchmark Brent crude and the rupee against the dollar would also drive trends in the market. "Macroeconomic indicators, trends in global stock markets and FII activities will be pivotal in shaping market trends in the coming days," Pravesh Gour, senior technical analyst at Swastika Investmart Ltd, said.
The year was rich in content as far as Web series were concerned.
Global trends, trading activity of foreign investors, outcome of state elections and RBI's interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd. On the political front, the results of assembly elections in five states are eagerly anticipated, Gour said.
With Atishi at the helm it will not be easy for the BJP to continue using the LG's office and the bureaucracy as political instruments to hinder governance and thereby provoke the electorate's ire against the AAP, expects Nilanjan Mukhopadhyay.
The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends.
Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said. Investors will also track the movement of rupee against the US dollar and crude oil prices. Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday.
Some of the prominent United Progressive Alliance ministers on Sunday came under fire from Team Anna at the fast venue of Anna Hazare with the activist's close aide Arvind Kejriwal claiming that cases could have been registered against 14 ministers if there was a Lokpal.
Before surrendering, Kejriwal paid homage to Mahatma Gandhi at the Raj Ghat, offered prayers at the Hanuman temple in Connaught Place and addressed Aam Aadmi Party leaders and workers at the party office.
As Bhagwant Mann repeatedly invokes Bhagat Singh in his speeches, Utkarsh Mishra picks five takeaways from the legendary revolutionary's thoughts that may help Punjab's new chief minister identity his goals.
'The Congress cannot speak the BJP's words while targeting Kejriwal.' 'What is the difference between the two? Where is the unity of INDIA then?'
The Centre has denied political clearance to Punjab Chief Minister Bhagwant Mann for his visit to Paris to support the Indian Hockey team at the Olympic Games, an official source said on Saturday.
Meanwhile, the Congress' data analytics department chairperson Praveen Chakravarty on Tuesday wrote to Chief Election Commissioner Rajiv Kumar, seeking assembly-wise voter rolls in excel sheet format for the Lok Sabha elections and the assembly polls in Maharashtra.
As part of the campaign, AAP RS MP Sandeep Pathak said, AAP leaders and workers will visit the four Lok Sabha constituencies from where it has fielded candidates.
Arvind Kejriwal speaks out on Congress leader Digvijay Singh, Robert Vadra and the Gandhi family in this exclusive interview with Rediff.com's Sheela Bhatt.
Delhi Chief Minister Arvind Kejriwal was administered a 'low dose' of insulin after his blood sugar level spiked, officials of Tihar jail said on Tuesday, with the Aam Aadmi Party commenting that it was because of the blessings of Lord Hanuman.
Vinesh has been training with Woller Akos, her personal coach from Belgium and has also worked with South African mental conditioning coach Wayne Lombard.
'Senior Vatican officials were pleasantly surprised at the number of Indians who had come to witness the ceremony.'
'They refuse to be transparent. They refuse to be accountable.'
Alleging the Tihar Jail administration cancelled Delhi Minister Atishi's meeting with Chief Minister Arvind Kejriwal at the last moment, Aam Aadmi Party Rajya Sabha MP Sanjay Singh on Wednesday said 'even the British rule did not see this kind of behaviour'.
'BJP insiders acknowledge that the party needs to be helmed by someone who can match Arvind Kejriwal's stature.' 'A Sudhanshu Trivedi or Bansuri Swaraj could bring the freshness the party needs in Delhi,' points out Aditi Phadnis.
The Aam Aadmi Party on Wednesday claimed that the resignation of Delhi minister Raaj Kumar Anand vindicated its stand that Chief Minister Arvind Kejriwal's arrest was aimed at finishing the party.
The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added. "The market will have an eye on the RBI Monetary Policy Committee (MPC) meeting, which will be announced on August 10, 2023. We are heading towards the last batch of Q2 earnings of key companies such as Adani Ports, Coal India, Hero MotoCorp, Hindalco and ONGC, among others, which will lead to stock-specific movement," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
The 2024 Lok Sabha contest between the BJP and Congress is crucial in the context of the assembly polls in Haryana, which are due by October.
Arvind Kejriwal provided with Z-plus security.
Rai alleged that MLAs and councillors of the Aam Aadmi Party were stopped from meeting the family members of the Delhi chief minister, who was arrested by the ED in an excise policy-linked money-laundering case on Thursday.
A meeting of the joint committee of Parliament on the Waqf (Amendment) Bill on Friday witnessed fireworks with members vociferously opposing certain provisions of the draft legislation, leading to a brief walkout by opposition members.
Failing to get any reprieve from the Delhi high court, the Aam Aadmi Party on Tuesday said Chief Minister Arvind Kejriwal will move the Supreme Court soon against his arrest by the Enforcement Directorate and maintained the excise policy case was the 'biggest political conspiracy of the country' to finish the party.
After being sworn in as the 47th president of the United States, Trump started his inaugural address with a sentence that echoed Modi's coinage some years ago, notes Modi biographer Nilanjan Mukhopadhyay.
Ahead of the Punjab assembly polls, former Army chief Gen Joginder Jaswant Singh on Tuesday joined the Bharatiya Janata Party in Chandigarh in the presence of the party leadership, including Union Minister Gajendra Singh Shekhawat.
Delhi Water Minister Atishi ended her indefinite fast over the water scarcity in the national capital after she was hospitalised early Tuesday, Aam Aadmi Party Rajya Sabha MP Sanjay Singh said.
The AAP unanimously agreed to elect Atishi as the leader of Delhi AAP Legislative Party.
Kailash Gahlot, a key minister in the Aam Aadmi Party (AAP) government in Delhi, has resigned, potentially impacting the party's ambitious plan to roll out a Rs 1000 monthly honorarium scheme for women ahead of the Assembly polls in February. Gahlot, who represented the Jat-dominated Najafgarh constituency in West Delhi, cited several issues, including the "Sheeshmahal" controversy over his former official residence, the Delhi government's tussle with the Centre, and the failure to clean the Yamuna River, in his resignation letter. Delhi BJP leaders welcomed Gahlot's resignation, fueling speculation that he could join the party before the assembly polls. However, AAP leaders claimed Gahlot resigned due to pressure from central agencies, including the Enforcement Directorate, and that joining the BJP was his last option. Gahlot's resignation has sparked speculation about his future and the impact it will have on the AAP's electoral prospects.
Rajnath said the opposition parties were trying to cover up their own "mistakes and weaknesses".
