Share Market News / These stocks are ready for a 'rally' in the market, have you invested?

This week, the direction of the stock market will be decided by the quarterly results of domestic companies, US tariff developments and FPI stance. Investors will also keep an eye on the global market, crude oil prices and the movement of the rupee. Results of Infosys, HDFC and ICICI Bank will be important.

Share Market News: This week, the movement of the domestic stock market will be influenced by many important factors, including quarterly results of major companies, developments on global trade tariffs and activities of foreign portfolio investors (FPIs). Analysts believe that investors' strategy will be seen molding according to these factors, due to which volatility may remain in the market.

Eyes on quarterly results of big companies

Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, says that this week investors' eyes will be on the quarterly results of big companies like HCL Technologies, Axis Bank, Hindustan Unilever and Maruti. The performance of these companies will not only form the sentiment of the sector but can also determine the direction of the entire market.

Infosys and the challenge of the IT sector

The recent results of Infosys, the country's second largest IT company, have surprised the market. The company's net profit has declined by 11.7 percent to Rs 7,033 crore in the March quarter, due to which its stock will be closely watched on Monday. This indicates that the tech sector may face slow global demand and margin pressures.

Strength of banking sector

The results of HDFC Bank and ICICI Bank are giving positive signs for the market. HDFC Bank has reported a net profit of Rs 18,835 crore, while ICICI Bank has earned a profit of Rs 13,502 crore, up 15.7 percent. However, HDFC Bank has expressed apprehensions about loan growth, especially pricing challenges in housing and corporate loans.

Increasing FPI confidence

According to VK Vijayakumar, Chief Investment Strategist, Geojit Investment Limited, there has been a sharp change in FPI activities recently. In the three trading days till April 17, FPIs have bought shares worth Rs 14,670 crore in the Indian market. The main reason for this is the fall in the dollar index and the weakening position of the US currency.

Other global indicators are also important

Investors will also keep an eye on global market trends, Brent crude oil prices and the movement of rupee against the dollar. Apart from this, if the tension over trade tariffs in the US increases, then the effect of global instability can also be seen on the Indian markets.