New Delhi
The past week has been full of huge ups and downs for the stock market. Both Sensex and Nifty indices remained in decline. Now the new week is going to start tomorrow and this week the market will see the impact of the quarterly results of big companies like HDFC Bank, ICICI Bank, along with this Donald Trump will take the oath of office of the US President on Monday. And after this, the impact of the announcements made by them can also be seen on the stock market.
Trump’s oath will impact the market
Donald Trump is going to take oath as the US President for the second time on Monday, January 20. He will take oath as the 47th President of America and return to the White House. When Donald Trump won the presidential elections, the Indian stock market also saluted his victory and witnessed a rapid rise. Last November, on November 6, Sensex closed at the level of 80,378.13 with a gain of 901.50 points, while Nifty also jumped by more than 270 points.
According to Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited in the report, all eyes are on Donald Trump on the global front. Trump is formally returning to the White House as the US President on January 20 and after this the impact of the announcements made by him can be seen on the market. A rise in the market can also be seen on Donald Trump Oath Ceremony.
Quarterly results of big companies next week
Along with Trump’s oath, the activities of foreign portfolio investors (FPIs) will play an important role in deciding the direction of the stock market. Foreign investors have so far withdrawn Rs 44,396 crore from the Indian stock markets in January 2025. Apart from this, a change in the market trend can also be seen from the quarterly results of big companies like HDFC Bank, ICICI Bank. Apart from these two big banks, Bharat Petroleum Corporation Ltd. during the week starting from Monday. (BPCL), Hindustan Unilever (HUL), Dr Reddy’s, JSW Steel will also announce their December quarter results.
How was the condition of the stock market on Friday?
Let us tell you here that on Friday, the last trading day of last week, both the stock market indices were down and closed at the red mark. After opening at the level of 77,069.19, the 30-share Sensex of BSE fell by 423.49 points and closed at the level of 76,619.33. Apart from this, NSE’s Nifty-50 also opened at the level of 23,277.10 and finally slipped by 108.60 points and closed at the level of 23,203.20.