- Coronavirus Crisis can be seen on Share Market next week too
- Investors will keep an eye on quarterly financial results of major companies, the direction of the market will be decided
new Delhi. Currently, the domestic and foreign stock markets are unlikely to recover from the effects of Coronavirus Crisis, as its outbreak continues to grow. At the same time, the financial results of Corona Era during the first quarter of the current financial year will be informed by how the country’s major companies did business. This week many leading companies will release their financial results for the first quarter, which will be looked at by investors and will determine the direction of the market.
Results of major companies will be released
The quarterly financial results of the country’s leading technology company Wipro will be released on Tuesday. A day later, on Wednesday, quarterly financial results of several companies including Infosys and L&T Infotech will be released. Several companies, including HCL Technologies and Britannia Industries, will release their financial results on Friday.
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In addition to inflation data will be released , information on how inflation was in the last month of June will also be received this week. Investors will also be eyeing inflation data as economic activity returned to track with the start of the unlock process in June. At the same time, the prices of petrol and diesel increased drastically. The retail inflation data will be released on Monday at the beginning of the week, and the day after that, the wholesale inflation data will be released on Tuesday. At the same time, on Wednesday, the balance of trade figures will also come.
The impact of foreign figures will also be
there, the major economic data released this week abroad will also have an impact on the market. The European Union’s industrial production data for May will be released on Tuesday. After this, the Bank of Japan can announce its decision on the interest rate on Wednesday. At the same time, the figures for industrial production in China will be released on Thursday on Thursday. Apart from all this, the price of crude oil in international market and the movement of rupee against dollar will also be watched by the market.
