Equity markets will be closed on Thursday for ‘Maharashtra Day’.
More updates related to tariffs will also be viewed by investors, experts have noted.
In the last two sessions, the stock markets were made in the last two sessions due to geographical political tensions between India and Pakistan on the death of 26 people on terrorists at Pahlgam, Jammu and Kashmir.
“The new month is also a sign of the new month in the next holiday-short week, making monthly auto sales data a major field of focus for market participants. On the macroeconomic front, investors will close the industrial dysfunction (IIP) data and HSBC manufacturing PMI data closely.
“In the meantime, geographical political development between India and Pakistan will be on the radar. On the corporate earnings front, many leading companies, including BPCL, IOC, Bajaj Finance, TVS Motor, and Ultrate Cement, are ready to publish their quarterly results.
Last week, the BSE benchmark gauge rose 659.33 points or 0.83 percent, and the NSE Nifty was up 187.7 points or 0.78 percent despite being profitable in the last two sessions.
On Friday, the 30-share BSE barometer Sensex settled 588.90 points or 0.74 percent at 79,212.53. The NSE Nifty fell 207.35 points or 0.86 percent to 24,039.35.
Siddharth Khemka, Head – Research, Property Management, Motilal Oswal Financial Services Limited said, “Geographical political development between India and Pakistan can add instability in the Indian market over the next few days. BAJJ.
Meanwhile, on Friday, Reliance Industries Limited recorded a 2.4 percent increase in net profit in its March quarter as the main base in the retail business rationization and improved margins in telecoms helped to compensate for the weakness of oil and petrochemicals business and high money.
In January -March, a unified net profit of Rs 19,407 crore or Rs 14.34 per share – April 2024 to March 2025 was more than Rs 18,951 crore or Rs 14, the company said in a statement.
“From the week of April 28 to May 2, 2025, the second range of crucial economic publications that can affect the dynamics of the global market and the spirit of investors is set to bring in the data of Industrial Dysfunction (Yoy) for March, which is set to release on April 28, which is set to release the country.”
V.K., Chief Investment Strategist of Geojit Investments Limited. Vijay Kumar said, “FII strategy in India is reversing a different attitude. During the last eight days, FII (foreign institutional investors) had sustained buyers in the Indian market.”
An interesting point in this reverse of the FII strategy is that it has happened at the time of Indo-Pak tensions after the Pahlgam terror attack.
(Now you can subscribe to our Etmarkets WhatsApp channel)
