RBI policy, quarterly results key drivers for markets this week: ExpertsFebruary 4, 2019
The RBI’s policy meet outcome, ongoing quarterly results season and global cues will set the tone for the stock markets this week, analysts said.
The markets may also see an overhang of the interim budget announcements, they added.
“For the week ahead, the key drivers would be the outcome of the Reserve Bank of India’s (RBI) monetary policy meeting, corporate results and the sustainability of FII flows,” said Viral Berawala, CIO, Essel Mutual Fund.
“While the reflationary stance of the budget could provide a boost to corporate earnings, especially in consumption, agri-rural sector, retail lending and housing, there can be implications for inflation and interest rates as well,” said Dhananjay Sinha, Head, Institutional Research, Economist and Strategist, Emkay Global Financial Services.
Bekxy Kuriakose, Head – Fixed Income, Principal Mutual Fund, said, “Focus will shift to the RBI monetary policy review on February 7th.”
Services sector data to be announced early this week will also influence trading sentiment, they said.No tags for this post.