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Budget 2018, Q3 earnings to be key triggers for equities this week

Stock markets participants will be keenly awaiting Union Budget which will be presented on February 1st

Press Trust of India  |  New Delhi 

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Stock market participants will be keenly awaiting the Union Budget to be presented on February 1 to decide their future course and will also have their eyes glued to corporate earnings, including of blue-chips HDFC and ICICI Bank, this week, according to experts.

PMI data for the which is due on Thursday would also influence trading sentiments.

will be presenting first post-GST budget on February 1, 2018. This will also be the last full budget of the ruling NDA government before the of 2019.

"Earnings upgrade is more likely after seeing the initial set of results but the current rich valuation and upcoming economic events may interrupt aggressive buying... The week ahead is eventful with a slew of economic data but the major event is the Union Budget and market will likely to brace more volatility," said Vinod Nair, Head of Research, Geojit

Among major firms scheduled to come up with their earnings this week are HDFC, ICICI Bank, Bajaj Auto, NTPC, IOC, and

On expectations from the Budget 2018-19, IIFL Partner and said, "In the last full Budget before the 2019 general elections, capital market investors would be keen to know of the government's stand on two critical issues: fiscal consolidation and tax burden on capital market investments."

"Expectations are running high as it will be the first post-GST and last full-year Budget before the in 2019. expect the government to follow fiscal prudence path and and rural spending," said V K Sharma, and Capital Market Strategy,

Last week, the 30-share added 538.86 points or 1.51 per cent; while the broader Nifty gathered 174.95 points or 1.60 per cent.

First Published: Sun, January 28 2018. 19:19 IST