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RBI MPC meet, Q3 results key drivers for markets this week, say Experts

Services sector data to be announced early this week will also influence trading sentiment, experts said

Press Trust of India  |  New Delhi 

(Photo: Kamlesh Pednekar)
(Photo: Kamlesh Pednekar)

The RBI's policy meet outcome, ongoing quarterly results season and global cues will set the tone for the stock this week, analysts said.

The may also see an overhang of the interim budget announcements, they added.

"For the week ahead, the key drivers would be the outcome of the Reserve Bank of India's (RBI) meeting, corporate results and the sustainability of FII flows," said Viral Berawala, CIO,

"While the reflationary stance of the budget could provide a boost to corporate earnings, especially in consumption, agri-rural sector, and housing, there can be implications for inflation and interest rates as well," said Dhananjay Sinha, Head, Institutional Research, Economist and Strategist,

Bekxy Kuriakose, - Fixed Income, Principal Mutual Fund, said, "Focus will shift to the RBI review on February 7th."

Services sector data to be announced early this week will also influence trading sentiment, they said.

CIL, IDBI, BHEL, GAIL, PNB, and Lupin are among the major corporates scheduled to announce their results this week.

"The will over the next few days take their own trajectory after this small time window of anticipation of and reaction to the Budget," said Dhiraj Relli, MD & CEO,

Over the past week, the gained 443.89 points to close at 36,469.43 on Friday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, February 03 2019. 12:40 IST
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