Major Q4 Results To Set Market Trend In The Coming Week, Says Vishwas Agarwal
The 30-share index Sensex, which closed the week at 15,807.64, on April 11, will experience more ups and downs in the coming week.
Inflation numbers continued to be a sign of worry as it zoomed to three-year high of 7.41 percent for the week ended on March 29. The inflation climbed on the back of growing pressure on RBI to further tighten funds supply in its forthcoming annual credit policy later this month.
After evaluating the whole market conditions, stock market expert Vishwas Agarwal, said, “Higher inflation is ultimately bad news for the economy. Next week is very important for the markets as major corporate like Infosys, TCS, Reliance etc. are supposed to declare their quarterly results, which will guide the market to set the trend.”
BSE 15,750 is a break even level and under this level the vital support level is 15,750 and for upper side 16,350 is significant level to cross, Mr. Agarwal said.
He suggested capitalists to adopt wait and watch policy till the result announcements.