Stock Market Trend: The stock market will keep an eye on the fourth quarter results of the companies.

New Delhi:

Stock Market Trends: Wholesale Price iIndex based inflation data, global trends and foreign fund activities will decide the direction of stock markets this week.

Analysts have expressed this opinion.

Apart from this, investors will also keep an eye on the fluctuations in Crude Oil Price and the trend of Rupee Rate against the US Dollar.

Let us tell you that on Monday, April 17, the inflation data based on the Wholesale Price Index ie WPI will be released.

At the same time, this week some big companies like HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are also going to declare their quarterly results.

Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd said, "The trend of global markets, domestic and global macro economic data, crude oil prices and rupee's movement against dollar will determine the market direction this week." Ajit Mishra, Vice President - Technical Research, Religare Broking Ltd. said, "The quarterly results of the companies and the trend of the global market will be watched by all.

On Monday, the market will react to the quarterly results of Infosys and HDFC Bank.

At the same time, the market will keep an eye on the fourth quarter results of the companies.

HDFC Bank, the country's largest private bank, on Saturday announced its results for the quarter ended March.

During the fourth and last quarter of the financial year 2022-23, the bank's net profit increased by 20.6 percent to Rs 12,594.47 crore.

While Infosys announced the fourth quarter results on Thursday, which have not been as expected.

In the next financial year, the company has estimated a growth of four to seven percent in revenue, which is quite weak.

The 30-share BSE Sensex gained 598.03 points or 0.99 per cent during the week.

The stock market was closed on Friday on the occasion of Ambedkar Jayanti.