Inflationary fears, healthy earnings' hope to steer market's movement (IANS Equity Outlook)

Mumbai, April 9 India Inc's Q4FY22 quarterly results season as well as macro-economic inflation and industrial production data points will steer domestic equity market's movements, next week.

Besides, price movements of crude oil along with those of other major commodities will influence the investors' sentiments.

"The Q4 results season will start from Monday and the market's focus will shift to individual stocks," said Deepak Jasani, Head of Retail Research, HDFC Securities.

"The RBI has turned mildly hawkish and this could impact the valuations in the markets over time."

Furthermore, Jasani expects that Nifty could now take support from 17,522-17,560 band and face resistance from 17,900-17,921 band over the next few days.

According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, overall, equity markets have shown strong resilience despite headwinds from uncertain global environment and persistent inflation.

"Q4 FY22 earning season will kick off from next week and will be the key factor for market direction going forward."

Apart from Q4FY22 results, the Central Statistics Office

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor