Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts. The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five assembly elections in West Bengal, Tamil Nadu, Kerala, Assam, and Puducherry will begin on Monday, May 4. "The most immediate catalyst will be the outcome of key state elections, with investors closely watching whether the ruling party at the Centre can wrest West Bengal from Trinamool Congress and make meaningful inroads into opposition-ruled Kerala and Tamil Nadu, where the Bharatiya Janata Party (BJP) currently has a limited presence," Hariprasad K, Research Analyst and Founder, Livelong Wealth, said. Crude oil remains the single most critical macro variable, Hariprasad said. "With Brent prices sustaining elevated levels amid ongoing tensions around the Strait of Hormuz, inflatio
Analysts at JM Financial Institutional Securities have pegged an upside target of ₹393 per share on BHEL; whereas Axis Securities expects SAIL to rally toward ₹200-mark.
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances.
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
The geopolitical situation in West Asia, particularly developments around the Strait of Hormuz, Q4 earnings from corporates and crude oil prices are the major factors to drive sentiments in the stock market in a holiday-shortened week ahead, analysts said. Stock markets would remain closed on Friday for Maharashtra Day. "Looking ahead, markets are expected to remain highly news-driven and volatile, with key focus on developments in US-Iran negotiations, trends in crude oil prices, and broader global cues. Stability or a decline in oil prices could help ease macro concerns and support risk sentiment, while any escalation or prolonged disruption in the Strait of Hormuz may trigger renewed volatility and profit booking," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The ongoing Q4 earnings season is expected to act as a key catalyst for stock-specific price action, with market participants closely tracking reported numbers, forward guidance, and sectoral
Small-caps, according to Jaipuria, are a classic "buy pessimism, sell euphoria" trade, he said.
The Sense, Nifty surged sharply on April 21 amid easing crude oil prices, broad-based buying, and short-covering ahead of weekly F&O expiry. Check key reasons why the stock market is rising today
Titan, Kalyan Jewellers, Sky Gold and Thangamayil Jewellery can potentially rally up to 15 per cent from here, believes Om Mehra, technical research analyst at SAMCO Securities.
Titan's domestic jewellery business delivered strong revenue growth in Q4 owing to the upcoming wedding season, festivals such as Gudi Padwa and Eid during the quarter, said ICICI Securities.
Groww share price soared 9 per cent to hit a new all-time high at ₹213 in Wednesday's trade, and the stock has surged 42 per cent thus far in April.
MTAR Technologies stock hit a new life-time high at ₹4,848 in Wednesday's intra-day trade on the back of healthy business outlook.
The talks between Iran and the US in Pakistan, which ended without a deal, would weigh heavily on investors' sentiment when markets open for trading on Monday, analysts said. Besides developments related to West Asia, crude oil prices would also dictate market trends in a holiday-shortened week ahead, they said. Stock markets will remain closed on Tuesday for Baba Saheb Ambedkar Jayanti. The talks between Iran and the US in Pakistan have ended without a deal due to "excessive demands" made by the American side, a top Iranian official said on Sunday. Iranian Foreign Ministry spokesperson Esmaeil Baqaei, however, emphasised that "diplomacy never ends". US Vice President JD Vance, who led the American delegation, said the talks failed to reach a peace deal, citing Tehran not forgoing its nuclear programme as one of the key sticking points. He said the American side presented its "final and best offer" to the Iranian side, but it did not accept it. Baqaei, however, said the two side
Buying interest in AMC stocks was bolstered after data from the Association of Mutual Funds in India (Amfi) showed that equity mutual fund inflows jumped 56 per cent M-o-M to ₹40,450 crore in March.
India VIX slipped 19 per cent to 20 mark, indicating some relief in the near-term volatility.
India VIX, which reflects investors' perceptions of market volatility in the near term, fell 9.89 per cent to 25.13 amid hopes of de escalation in the West Asia conflict
Zaggle Prepaid said it expects standalone revenue growth of 25-30 per cent in FY27, while consolidated revenue growth is projected at around 40 per cent
Developments related to the ongoing month-long war in West Asia, its impact on crude oil prices, and global trends would continue to be key drivers for domestic equities in the holiday-shortened week ahead, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would also play a crucial role in dictating investors' sentiment. Stock markets would remain closed on Tuesday and Friday for Shri Mahavir Jayanti and Good Friday, respectively. "This week is expected to remain influenced by global macro developments, particularly crude oil price trends and progress in the US-Iran ceasefire negotiations, which will be critical in shaping market sentiment. Stability in the rupee will also be important for any revival in foreign institutional flows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. On the domestic front, key data releases include industrial production data for February and the HSBC Manufacturing PMI for March, which will provide insight
At the close, Sensex jumped 1,372.06 points or 1.89 per cent to settle at 74,068.45. Similarly, the Nifty 50 index ended 399.75 points or 1.78 per cent higher at 22,912
Premier Energies has outperformed the overall market thus far in March amid hopes of new incentive scheme for solar sector. Market strategist expects the stock to test 200-DMA on the upside.
Sensex and Nifty 50 rallied more than 1 per cent today, building on gains of the past two trading sessions, amid a firm trend in global markets