As per expert opinion, the market will focus on key economic statistics from America and Europe, quarterly company results, and foreign financial institutions' policies to be announced next week. Signs indicate a bullish market outlook for the upcoming week.Additionally, inflation and PMI data from Europe could also impact the market. India's Industrial Production statistics will be released on the 22nd. Furthermore, some companies' quarterly results will also be announced, potentially influencing the market.
Focus on Key Company Results
Recent inflation data is somewhat reassuring yet falls short of being truly encouraging. Despite a decrease from the previous month, inflation remains above 4%, sparking some unease. While the quarterly reports of many firms have been disclosed, the outcomes of select companies could sway the market.
The publication of pre-election survey results by certain entities, favoring the BJP alliance with promising seat projections, has sent the market into a frenzy. Some analysts view the current surge as a pre-election phenomenon, anticipated to persist for a minimum of two weeks. Consequently, the upcoming week is poised to yield positive outcomes for the market.