Licensing the results of the fourth quarter of the year: the 5 most important drivers in the stock market that you should pay attention to

The Indian stock market had a bumpy ride in the 500-point range all week. Nifty started the week by gapping down and then recovered from its lows at 16900 mark. Although the index traded in a 500-point range over the course of the week, volatility within the range was one of the more challenging to trade. In the end, the index ended the week around 17,400 with a loss of about half a percent from last week’s close. The volatility in the international markets has led to moves on both sides in our market as well.

According to stock market experts, the Nifty 50 index was corrected from 18115 to 16825 and then consolidated within a range. This resulted in the formation of a “bearish flag” pattern on the daily chart. In the event that Nifty breaks the end of the 16825 support, it would lead to a sharp correction in the short term, which is usually the effect of the aforementioned pattern. On the flip side, 17380-17420 is now a strong hurdle that must be crossed for any positive.

Therefore, it is important for investors and market traders to keep the above levels in mind and continue examining the major catalysts that may dictate the stock market in the coming week. Here are the 5 most important catalysts that traders and investors can pay attention to:

1]LIC subscription: This much awaited public offering will open on May 4, 2022. Therefore, retail investors and major investors are expected to transfer their funds from the existing shares to the IPO of LIC. Therefore, a sharp sell-off is expected before the opening of the IPO of LIC.

Speaking about the impact of the LIC IPO on the stock market next week, Avinash Gurashkar, Head of Research at Profitmart Securities, said, “The LIC IPO is expected to attract a good response from investors. Therefore, it is expected that local retail and institutional investors (DIIs) will turn ) Stocks toward public issue. Therefore, we may see both FIIs and DIIs as net sellers prior to the opening of the LIC IPO.”

2]Q4 results: Corporate earnings are expected to continue to dominate the stock market next week as well. Speaking about fourth-quarter results expected next week, Devam Sharma, founder of Green Portfolio – a provider of portfolio management services registered with SEBI, said, “The fourth-quarter results will continue to dominate investor interest with companies such as Dabur, Happiest Minds, Tata Consumer and Adani.” Green, JSW Energy, Tata Steel, Titan, Network 18 and Yes Bank are among the notable names that have announced their results.”

3]US Federal Reserve meeting: The US Federal Reserve is expected to meet next week. Although it did announce a 50bp rate hike, one should keep an eye on the final outcome of the meeting as it will provide more clarity on rate hikes and monetary tightening.

4]Covid cases in India: Jitendra Upadhyay said: “Concerns about new cases of COVID-19 in India have been growing over the past few days, with the figure reaching 16,980 on Thursday. Should there be a big jump in the number of virus cases in India, it could lead to more selling than before. fish industry companies. Senior Equity Research Analyst at Bonanza Portfolio.

5]GST Collection Data: Next week India’s Goods and Services Tax (GST) collection data for April 2022 is expected. It will give direction for economic activities. We expect a continuation of a strong number of collections in April, said Divam Sharma of Green Portfolio.

Not giving an opinion: The opinions and recommendations above are those of individual analysts or brokerages and are not issued by the mint.

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