Market prospects: Quarterly results, PMI and FII data will determine the market trend

Mumbai, April 20 (IANS). The week after the Indian stock market is going to be very important. The quarterly result, PMI and FII data and global economic figures will determine the market movement. The results of the fourth quarter of FY 25 are released during April 21-25 by Tata Investment Corporation, HCL Tech, Tata Communications, Bajaj Housing Finance, Axis Bank, Hindustan Unilever and RBL Bank. According to Bajaj Broking Research, the manufacture and services of PMI data will be released by S&P Global at the domestic level on April 23. This provides information on business activities in the industrial and services sector in the country. In addition, meetings of the RBI Monetary Policy Committee (MPC) will also be released at the same time, which will provide detailed information on the prospects of inflation and the policy of the central bank. At the same time, the data of manufacturing and services PMI is also released worldwide in the US. In addition, the unemployment report will also be released. Even after two days of vacation, the stock market performed brilliantly last week. The Nifty rose by 1.023 points or 4.48 percent to 23,851 and the Sensex rose by 3,395 points or 4.52 percent to close at 78,553. Bank shares have led the market boom. Meanwhile, the Nifty Bank rose by 3.287 points or 6.45 percent to close at 54,290. The reason for the surge in the market is believed to be global and domestic reasons. The market sentiments have improved as a result of the ban on US receipts and a decrease in the RBI repo rate. Foreign Institutional Investors (FIIs) have invested more than one billion dollars in the last three trading sessions in the Indian stock market. Vishnu Kant Upadhyay, co-vise president of research and advice at Master Capital Services, said the market is currently near the level of 23,800-24,000. If there is an outline from here, up to 24,800 rally can be seen. Right now, the shopping strategy for the sale will be correct. -Ians abs/