Profit

Brexit Vote, Earnings To Guide Markets Ahead, Say Experts

The stock markets will remain closed on Monday on account of polling for the Maharashtra Assembly election.

 Share
EMAIL
PRINT
COMMENTS
Brexit Vote, Earnings To Guide Markets Ahead, Say Experts

The market breadth was positive in two out of the five trading sessions of last week.


Mumbai: 

The markets may react to British Parliament's vote to delay a decision on Boris Johnson's new Brexit deal next week.

Besides, the way ahead will depend on the portfolio investments, which have been strong during the last 5 sessions.

On Thursday, the Sensex crossed the 39k mark with a 453 point gain after news of a Brexit deal between the UK and the EU. Tata Motors jumped 9.82 per cent on the BSE.

"The Indian markets had rallied late last week on hopes of an early Brexit resolution. The latest development can reverse that optimism to some extent. However, doubts prevail about how smoothly the whole process will get completed," said Deepak Jasani of HDFC Securities.

"The negative impact of this development could be limited. But companies that were supposed to benefit the most from an early Brexit resolution and which had rallied sharply on Friday may see a larger negative impact," Jasani added.

Besides, the investors will await corporate results from Kotak Mahindra Bank, Bajaj Auto, HCL Technologies, Hero MotoCorp, Larsen & Toubro, ITC, Maruti Suzuki and State Bank of India.

Buying was seen in all the sessions of this week. Nifty index ended with gains on all the five trading sessions of the week.

The market breadth was positive in two out of the five trading sessions of the week. The top sectoral gainers for the week were the auto, PSU, realty, metal and oil & gas indices and there were no losers.

The stock markets will remain closed on Monday on account of polling for the Maharashtra Assembly election .



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top