Business & Investment

F & O expiration date, budget for key factors leading the market this week

New Delhi: The Domestic Benchmark Stock Index ended last week, with domestic and foreign investors making profits in a mix of domestic and global clues, resulting in a small weekly loss.

Strong economic data points such as electricity demand, GST collection, and car sales helped emotions with the launch of the Covid vaccine, but for many, they have already been priced and integration has begun. It states that there is a possibility.

“The market responds to the number of reliances first on Monday’s early trading. Next week is a week with shorter holidays and derivatives are expected to expire, so volatility is expected to remain high. In addition, the focus will be on budget-related news and global clues, “said Ajit Mishra, Vice President of Research at Religare Brokering.

Key Factors That May Lead the Market This Week:

Third quarter revenue
Many prominent companies, including some major private banks, will report quarterly earnings during the week. The list includes Kotak Mahindra Bank, L & T, Axis Bank, Hindustan Unileaver, Lupine, Maruti Suzuki, Cipla, Doctor Reddies Laboratories, Indus Bank of India, Indian Oil, Sun Pharma, Tata Motors, Tech Mahindra, Vedanta, ICICI. Banks are included.

Fed Policy Council
The Federal Reserve Board of Governors met on January 26-27 to decide which monetary policy to adopt as the country is still upset under the record incident of Covid-19. Discuss. This is the first time the Fed has met after Joe Biden became the new president of the United States.

Commentators say it is unlikely to change that policy, but caution should be exercised in commenting on the economic outlook in coronavirus, vaccines and weak employment data.

FII flow
There are signs that the beliefs of foreign institutional investors are weakening. On Friday, they made their first online sale since early January, withdrawing Rs 635.69 from the domestic stock market. But so far this month, they have made a net investment of Rs 24,469 on Daral Street.

Another IPO
IPO Mart continues to thrive with kitchen appliance maker Stovecraft issuing a public issue of Rs 413 for subscription on January 25th. First Home Finance Company India, on the other hand, may also be of interest to institutional investors and HNI on the last day of subscription. Monday period.

F & O expiration date
Volatility, which is already at a high level, is expected to rise further as January’s monthly contract is expected to expire on Thursday. Next month’s rollover data will also show the number of traders who believe the market will continue to recover into February.

Budget expectations
The market will also continue to respond to budget expectations and stories scheduled for February 1. The automotive segment is focusing on scrappage incentives, clarification of PLI schemes, and tax cuts, but in general, the focus of policy is from “repair” to “growth,” some analysts said.

Technical outlook
Nifty50 closed the week with a negative note after a weak opening. The index seems to be starting to feel confused as it makes the outer bar and is already trading in the overbought zone.

“This week remained very volatile. Nifty In the short term, it will be below the 14,200 mark, which is immediate support. Breaks below the same value can trigger a huge profit booking move to 13,100 on the downside. Given the duration of the upward movement, it is interesting to make sure that the previous phase and the current phase match. This suggests that larger fixes may be made this time. Therefore, it has been suggested that traders are light in the long run, “said Nila Richer, senior research analyst at SAMCO Securities.

F & O expiration date, budget for key factors leading the market this week F & O expiration date, budget for key factors leading the market this week

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