You are here: Home » Economy & Policy » News
Business Standard

Covid-19 trend, lockdown 4.0 details, Q4 earnings to decide market course

In addition, experts said, domestic bourses will take cues from global peers which have been reeling from fears of a second wave of Covid-19 in some countries

Topics
Coronavirus | Religare | Lockdown

Agencies  |  New Delhi 

investment, investors, stocks, market, shares, shareholders, MF, savings
The market will also assess the effectiveness of the government's mega Rs 20-lakh crore stimulus package that, analysts believe, would be critical for the revival of the economy

The Indian equity market’s movement this week will hinge on Covid-related developments such as 4.0 specifics and new infections trend, besides quarterly earnings, analysts said.

In addition, experts said, domestic bourses will take cues from global peers which have been reeling from fears of a second wave of Covid-19 in some countries.

ALSO READ: Lockdown 4.0: Curbs eased to allow some movement, economic activity

The market will also assess the effectiveness of the government's mega Rs 20-lakh crore stimulus package that, analysts believe, would be critical for the revival of the economy.

The first of the five tranches of the mega stimulus, unveiled by last Wednesday, had failed to enthuse the market on Thursday.

ALSO READ: FM Sitharaman's fifth tranche gets high on reforms, low on stimulus

"Government has made it clear that it will introduce the measures in tranches, but execution is key and that will be followed by the markets. Markets will also be driven by the rate of infections, 4.0 norms and any stock specific earnings commentary in the ongoing results season," said Vinod Nair, Head of Research at Geojit Financial Services.

Ajit Mishra, VP - Research, Broking Ltd, said, "It seems like markets are awaiting further details (of stimulus package) before making any reaction and we may see the possible response on Monday i.e. May 18."

First Published: Sun, May 17 2020. 23:48 IST
RECOMMENDED FOR YOU