This week, giants like RIL, HDFC Bank, Wipro, HCL Technologies and IndusInd Bank are expected to have quarterly results for September-December 2019. The same can see a surge in the stock markets, which were facing fluctuations in the shadow of the US-Iran conflict last week. The first phase of the trade negotiations is to be signed in the US and China this week. Experts hope that the mood of the stock markets will be positive this week. With this, Sensex, a 30-share index based on the BSE, had registered a gain of 135.11 points despite the previous week. Santosh Meena, the Senior Research Analyst at TradingBells, believes that the pre-budget developments and quarterly results of some big companies will hold the mood of the stock markets this week.
EPF's online services will be provided by linking these three documents
In addition, Infosys shares may see positive changes. The figures for retail inflation on Monday and wholesale inflation are on Tuesday. The same experts say that the market can react to these 2 big figures in a strict manner. There are two reasons for the possible positive change in Infosys shares. The first is that the company revealed the results for the third quarter of the current financial year after the market closed on Friday. Accordingly, the consolidated net profit of the company increased by about 24% in the reporting period. Another major reason for the positive change in the company's shares is that its audit committee has dismissed the allegations leveled against senior management officials.
Gold- Silver: Prices fall by more than Rs 1,400, Know today's rate
India's second-largest IT company Infosys said on Friday last week that its audit committee has completed the investigation into allegations made by whistleblowers on the company's top management. The audit committee has found the allegations unfounded. Ajit Mishra, Vice President (Research), Religare Broking Ltd, also said that investors can give their first reaction to Infosys as soon as the market opens on Monday this week. Currently, select sector stocks may appear under pressure or surge due to some specific domestic and foreign uncertainties. As far as foreign signals are concerned, the United States and Iran's tension seems to be declining. With this, the focus of investors has now shifted to the US-China trade war, where the 2 countries are scheduled to sign the first phase of the trading deal this week.
Walmart to renew restructuring, removes 50 executives in India