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Crude oil prices rose a to a seven-year high as US ISM and PMI surveys lifted demand prospects even as supply shortages persist. EIA inventories and ADP employment data is up text.
“Large and mid cap IT companies will remain in focus the next week as Q1FY22 result season commences in India. Investors are therefore advised to look for any short pullbacks post earnings as an opportunity to enter the IT sector,” said Nirali Shah, Head of Equity Research, Samco Securities. Here are key factors that will steer the market next week: Q1 earnings: The first quarter earnings season will formally begin with a few companies scheduled to announce their numbers. This includes names like Avenue Supermart, Indocity Infotech, Delta Corps and USA’s IT services companies registere...
After two consecutive weeks of decline, markets witnessed a strong rebound and gained over two per cent, in the holiday-shortened week. This week, the markets are likely to focus on the RBI policy meet outcome, macroeconomic data and development on the Covid front. Global cues are also expected to guide market trajectory. That apart, analysts believe, the markets may see some consolidation ahead of the earnings season which would start from mid-April. First and foremost, markets could react to the fast-rising Covid cases in the country and especially in Maharashtra, following which the sta...
The U.S. 10-year Treasury yield moved higher early Monday as traders continued to digest March’s bumper jobs report.
Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy Moneycontrol 12 hours ago Sunil Matkar © Nishant Kumar Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy The market clocked more than 2 percent gains in a truncated week driven by positive global cues and $2.3-tillion infrastructure package announced by the US President Joe Biden. Strong auto sales numbers and healthy buying across sectors supported the market, but the rising coronavirus infections limited the upside. The BSE Sensex rallied 1,021.33 points, or 2.08 perc...