Four Factors that Will Affect Indian Markets this Week

  • Investing.com
  • Stock Market News
Four Factors that Will Affect Indian Markets this Week

By Aditya Raghunath

Investing.com -- 

  1. COVID cases in India: India has reported more than 3 lakh COVID cases every day since April 21. Several parts of the country are under quasi-lockdowns and restrictions. This has hit India’s economic recovery, and stocks in sectors like banks, other financial services, travel and hospitality, have taken huge hits.
  2. FII action: April has seen FIIs (foreign institutional investors) sell Rs 7,583.11 crore worth of equities until April 23. If the withdrawal continues, expect Indian markets to falter. In contrast, DIIs (domestic institutional investors) have been net buyers to the tune of Rs 7,960.71 in April so far.
  3. India earnings data: Markets will be waiting for results of these companies for the March 2021 quarter that are scheduled to be released this week: Castrol India Ltd (NS: CAST ), HDFC Life Insurance Company Ltd (NS: HDFL ), SBI Cards and Payment Services Ltd (NS: SBIC ), Tech Mahindra Ltd (NS: TEML ), AXIS Bank Ltd (NS: AXBK ), Bajaj Finance Ltd (NS: BJFN ), Britannia Industries Ltd (NS: BRIT ), HDFC Asset Management Company Ltd (NS: HDFA ), Maruti Suzuki India Ltd. (NS: MRTI ), United Breweries Ltd. (NS: UBBW ), Bajaj Auto Ltd (NS: BAJA ), Hindustan Unilever Ltd. (NS: HLL ), Titan Company Ltd (NS: TITN ), Marico Ltd (NS: MRCO ) and Reliance Industries Ltd (NS: RELI ).
  4. Joe Biden’s Wealth Tax: Details of US President Joe Biden’s proposed wealth tax will start emerging this week. Biden reportedly wants to raise the federal capital gains tax to 43.4% for the richest of individuals, bringing combined state and federal rates in places such as New York and California to well above 50% — the highest ever in US history. Expect volatility whenever these details emerge.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles