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Share market may remain under pressure due to budget and quarterly results of companies


Share market may remain under pressure due to budget and quarterly results of companies 1

new Delhi. The investment sentiment will depend on the quarterly results of the companies in the coming week, after the decline in domestic stock markets last week. The stock markets fell weekly after touching the peak last week. The BSE Sensex managed to cross the 50,000 mark for the first time in mid-day trading on Thursday. Quarterly financial results of many big and big companies are to be released in the coming week.

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Market will be affected by quarterly results and budget
The coming week includes L&T, Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Maruti Suzuki, Dr. Reddy’s Lab, IndusInd Bank and ICICI Bank. Results of many important companies outside the Sensex like Tata Motors and Indian Oil are also to come from January 25 to January 30. They will have an important role in deciding the direction of the market. Investors can be cautious ahead of the Budget to be presented in Parliament on February 01. Also, due to monthly deal settlement on Thursday, the market may remain under pressure in the coming week.

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There was a decline in the stock market
The Sensex closed down 156.13 points, or 0.32 per cent, at 48,878.54 points in the previous week. The National Stock Exchange’s Nifty also fell 61.80 points, or 0.43 per cent, to close at 14,371.90 on the weekend. The market fell for the remaining three days except Tuesday and Wednesday. Selling was more in medium and small companies. BSE’s midcap weekly fall of 0.75 percent and smallcap 1.39 percent closed at 18,761.87 points and 18,422.05 points respectively on Friday.


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