Market Overview This Week: US Central Bank Decision on Quarterly Results, Interest Rates Will Drive Market Movement, What Experts Say


Market overview: Monthly sales data and macro data from auto companies will also determine the direction of the market this week.

Market overview this week: Events such as a special meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India, quarterly company results and the decision of the US central bank on interest rates will determine the direction of stock markets this week. This opinion was expressed by analysts. In addition, the monthly sales figures and macroeconomic data of the automotive companies will also determine the direction of the market. The Purchasing Managers’ Index (PMI) data for the manufacturing sector will be released on Tuesday. At the same time, data on the services sector will be released on Thursday.

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What is the opinion of the experts

  • Pravesh Gaur, senior technical analyst at Swastika Investmart, said: “The market will be watching the Federal Open Market Committee (FOMC) meeting, auto sales data and companies’ quarterly results. In addition, the market will follow the extraordinary meeting of the Reserve Bank Monetary Policy Committee, which will be held on November 3. Now the final round of results of the second quarter has begun. In such a situation, special activity can be seen during the week. The October car sales data is important as it will give us an idea of ​​holiday demand.
  • An extraordinary meeting of the IPC will be held on 3 November. Why the Reserve Bank failed to keep inflation below 6 percent will be reported at the meeting. Inflation has been above 6 percent for three consecutive quarters since January. In such a situation, the Reserve Bank must report to the government and explain the reason for this. A six-member committee led by Governor Shaktikanta Das will prepare a report on the factors behind the failure to meet the inflation target.
  • Religare Broking Ltd. Ajit Mishra, Vice President of Research, said: “This week will be important for the market for several reasons. The US Federal Reserve will meet this week. In addition, a meeting of the IPC is to be held. Along with this, car sales figures will also be important from a market point of view,” he said that quarterly results will now improve.

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The quarterly results of these companies will be published

Numerous majors will announce results during this quarter, including Bharti Airtel, Larsen & Toubro, Tata Steel, Sun Pharma, Hero MotoCorp, HDFC, Cipla and Titan. Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said Nifty could climb to the 18,000-18,200 level in the next few days thanks to better quarterly results, foreign institutional investor (FII) buying and positive domestic signals. Last week, 30 shares of BSE Sensex rose 652.7 points or 1.10%.



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