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Financial results of domestic companies will determine the market’s move

The financial results of domestic companies will determine the market's move.

Financial results of domestic companies will play an important role in market movements this week. At the same time, the market will also keep an eye on the assembly elections in Haryana and Maharashtra. Apart from this, the signals from the international market will also have an impact in the Indian stock market. The domestic stock market remained bullish on the market last week, which may be supported by the financial results of major companies to continue during the coming trading week. At the same time, the market will also keep an eye on the assembly elections in Haryana and Maharashtra. Apart from this, the signals from the international market will also have an impact in the Indian stock market. The domestic stock market continued to be bullish last week, which may be supported by the financial results of major companies to continue during the coming trading week.

Financial results of domestic companies will play an important role in market movements this week.

The financial results of domestic companies will determine the market's move.
The financial results of domestic companies will determine the market’s move.

Last week on Friday, Reliance Industries (RIL) released its financial results for the second quarter of the current financial year in which the company reported a profit of over 18 per cent over the same period last year. Subsequently, according to the second quarter financial results released by HDFC Bank on Saturday, the bank made a profit of 26.8 per cent. On Monday, Bharti Infratel, Hindustan Zinc and Ultratech Cement’s financial results will be released on Monday next week. However, due to voting for the assembly elections in Maharashtra on Monday, the stock market in the country’s financial capital Mumbai will be a holiday and regular business will start on the next day only on Tuesday, when Axis Bank, Asian Paints, Bajaj Finance, Kotak Mahindra Bank are the second. Quarterly results will be released. After this, the financial results of Hero MotoCorp, Larsen Toubro will be released on Wednesday. The next day on Thursday, the country’s major companies ITC and Maruti Suzuki India will release their quarterly results.

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The results of the by-elections in Haryana and Maharashtra assembly elections as well as other parts of the country will be released on Thursday, which the market will be waiting for. The financial results for the second quarter of the current financial year will be released by State Bank of India on Friday in the last session of the week. Crude oil prices in the international market, besides the rupee’s position against the dollar, will influence foreign portfolio investors and domestic institutional investors’ investment trends prior to Diwali in deciding the pace of the domestic stock market. Talking about the foreign front, on Wednesday the European Central Bank can announce its decisions on the interest rate on Thursday. In the US, market manufacturing and service PMI data for October will be released, which will give direction to the market.

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