Stock markets will witness volatility this week amid RBI policy decision and quarterly results

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Analysts said equity markets this week are set to experience volatility with domestic factors such as the RBI policy decision and quarterly earnings of major players boosting investor sentiment.

Additionally, analysts said the movement of the Rupee, Brent Crude and Foreign Institutional Investors (FIIs) will be closely watched by investors.

Ajit Mishra, VP Research, Religare Broking, said, “Among the important events, participants will be closely watching the MPC’s monetary policy review meeting this week and its outcome is expected on February 9. February 11th.”

“We have big names like Bharti Airtel, Jindal Steel, ACC, Hero Motocorp, Tata Power, Hindalco and M&M who will be announcing their numbers during the week along with several others,” Mishra added.

Stock markets have seen volatile swings, mirroring their global counterparts and this may continue in the near future. Also, the upcoming event i.e. MPC review and earnings would further add to the turmoil, Mishra said.

Among others, TVS Motor Company, Union Bank of India, IRCTC, NMDC and SAIL will also announce their quarterly results.

Santosh Meena, Head of Research, Swastika Investmart Ltd, said: “This week domestic signals will dominate, where RBI credit policy will be a key driver, which is expected on February 9. The earnings session for the third quarter unfolds where the latest batch of earnings will be another important factor. Other than that, IIP data will be announced on Friday, but this is expected after market hours.”

Global indices are also unclear where the geopolitical situation matters, while rising crude oil is a major concern for our market. FIIs are always in the mood to sell and their behavior will also play an important role in the direction of major indices, Meena added.

Vinod Nair, Head of Research at Geojit Financial Services, said, “This week’s RBI policy meeting will be the major event expected by domestic investors.”

Meanwhile, analysts said Indian indices rallied in the first half of last week as the budget came in line with market expectations. Last week, BSE’s benchmark 30-stock index gained 1,444.59 points or 2.52%.

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