New Delhi: The stock market investors are keeping their fingers crossed as the markets will open for the first time on Monday after the Budget 2025 was presented by Finance Minister Nirmala Sitharaman on February 2 (Saturday).
Experts believe that the RBI’s interest rate decision, Q3 Results of companies and global cues would be the major driving factors for the benchmark indices – BSE Sensex, NSE Nifty and other exchanges this week. The impact of the Union Budget could be a factor this week, they said.
The foreign investors move will also be watched by the markets, experts noted. The stock markets were open on February 1 (Saturday) due to the presentation of the Budget 2025 Last week, the BSE Sensex rallied jumped 1,315.5 points, and the NSE Nifty appreciated by 389.95 points. The Sensex settled at 77,505.96 and Nifty at 23,482.15 on 1st February.
How will stock markets react this week? Experts explain
Expressing his views on the possible movement of the stock market, Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said market investors are awaiting the US and India’s manufacturing PMI data for January 2025. He further said that the market players will minutely study the Budget before taking any move. The RBI’s announcement on rate cut decision on Friday will also be awaited.
“US and India’s manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for. Investors will closely study the fine prints of the Budget policies and market focus will shift back to the corporate earnings/outlook and RBI’s interest rate decision to be announced on Friday,” Siddhartha Khemka said.
LIC, M&M, NHPC, Titan, Apollo Tyres, Bharti Airtel, Asian Paints, PC Jeweller, Tata Power, ITC, MRF, and SBI would announce their October-December quarter results this week.
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, that the RBI decision on rate cut, Union Budget, PMI data, US bond yields and trading activities of FIIs will be the deciding factor for the markets this week.
“Will the RBI soften its stance and announce any rate cut in this week’s credit policy that would be interesting to watch out for? However, investors need to watch out for global developments, as any uptick in US bond yields and FII selling could dampen sentiment,” Prashanth Tapse was quoted by PTI as saying.
“As we look to this week, there are several important events on the horizon, including the MPC outcome, the Delhi state election, and developments regarding US tariffs. These events present an opportunity for market participants to remain engaged and informed, as they are likely to introduce some volatility,” Osho Krishnan, Sr Analyst, Technical & Derivatives of – Angel One, said.
Krishnan further said, “Now, the major Union Budget is behind us, and it appeared as a non-event but practically speaking, FIIs participation was very minimal. Hence, the actual reaction is likely to be witnessed on Monday and hence, we need to wait for a day or two to understand whether the market has really discounted the Budget factor or not.” Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class and unveiled a blueprint for next-generation reforms for Viksit Bharat as she treaded a fine line between fiscal prudence and providing a thrust to growth.
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The stock market opens on February 3, 2025 (Monday) after Budget 2025, with investors anticipating the impact of the budget, RBI’s interest rate decision, and Q3 corporate results. The experts highlight the importance of US and Indian PMI data, FII activity, and global cues in shaping market movement this week. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
