Union Budget 2022 After hitting headlines with global triggers like third quarter earnings, macro-economic data announcements and Russia-Ukraine conflict, the Indian stock market is expected to be full of action in the coming week. According to stock market experts, the Union Budget is expected to remain the secondary market base as it is expected to set the Narendra Modi government’s development agenda along with a roadmap for fiscal prudence.
Union Budget 2022 expected to attract maximum limelight in stock market next week; Ajit Mishra, VP Research, Religare Broking said, “This week is important not only for the equity market, but for the entire economy. We have the Union Budget scheduled for February 1 and we expect the government to continue with the development agenda. But with a road map for fiscal prudence. This week also marks the beginning of a new month and auto sales start from February 1. In addition, we also have the PMI data of manufacturing and services for the week. Is.”
Ajit Mishra of Religare Broking said that the Union Budget will set the tone for the domestic markets amid global sell-off, “Voltility remains high during the Budget week, hence participants should continue with a cautious approach.”
Heavy volatility expected to continue in the stock market next week as well; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “This week is going to be very crucial and extremely volatile on the back of the Union Budget, but the good thing this time is that the market is moving very lightly towards the Budget. Pay attention and There is a high probability of a post-budget rally. Similar trend was visible last year where the market witnessed a pre-budget sell-off and then a post-budget rally.”
On triggers other than Union Budget 2022, Santosh Meena of Swastika Investmart said, “Rising dollar index and rising crude oil prices are other issues for emerging markets like India. We are in the middle of Q3 earnings session and so far the earnings session.” Stays up. Good, while we have a lot of significant earnings ahead of us this week.”
advising stock market investors to keep an eye on the Russia-Ikraine conflict; Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services, said, “While US Fed results are now lagging behind, the current results season, the Union Budget on February 1 and the Russia-Ukraine conflict, among many other factors, will keep market volatility high this week. . as well.”
Macro-economic data that could affect the stock market next week; “The release of PMI data for January this week will be another key domestic data point that investors should watch out for,” said Vinod Nair, Head of Research, Geojit Financial Services.
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