Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, may see a gradual up-move with some volatility this week as election and earnings seasons conclude, analysts say. Global trends and foreign investor trading will be key in shaping sentiment. Benchmark indices, following last week’s rally, will track Brent crude and the rupee-dollar trend. Monthly derivatives expiry on Thursday could add volatility. Key earnings from companies like Tata Steel and the upcoming general election results on June 4 could influence market dynamics. Positive earnings and the election outcome may boost FII flows, according to Pravesh Gour of Swastika Investmart Ltd. Global economic data from Japan and the US, along with currency market movements, will also be significant. Ajit Mishra of Religare Broking Ltd. highlights the focus on elections, global cues, and earnings. Major companies like LIC, NMDC, IRCTC, and MMTC will announce earnings this week, with Q1 FY24 GDP data out on Friday. This week expects gradual market movements with intermittent volatility. Foreign investors have withdrawn Rs 22,000 crore from Indian equities this month due to election uncertainties and the strong performance of Chinese markets. This follows a net outflow of Rs 8,700 crore in April, influenced by changes in India’s tax treaty with Mauritius and rising US bond yields. Previously, FPIs had invested Rs 35,098 crore in March and Rs 1,539 crore in February. Overall, FPIs have pulled out Rs 19,824 crore from equities in 2024 but have invested Rs 46,917 crore in debt markets.
Stock Market Live Updates: Markets poised for gradual up-move amid election, earnings season
