Donald Trump effect, Q3 earnings  to drive markets this week

Donald Trump effect, Q3 earnings  to drive markets this week

FPJ BureauUpdated: Thursday, May 30, 2019, 09:45 AM IST
article-image

New Delhi: Investors will keenly watch the developments in the US as policies under President Donald Trump are likely to drive domestic market sentiments in this truncated trading week along with corporate earnings and budget expectations, feel experts. Domestic bourses would remain closed on Thursday for Republic Day.

“One needs to closely watch the detailed fleshing out of Trump’s policies over the next few days to gauge the exact impact,” said Ajay Bodke, CEO and Chief Portfolio Manager: PMS, Prabhudas Lilladher.

Trump on Saturday assumed office as the US President and reiterated his pledge to restore jobs to Americans and protect borders, a veiled reference to pursuing a tough immigration policy. He also said that protection will lead to great prosperity and strength, reports PTI.

“This week, the focus would be on Trump’s policies, corporate earnings and upcoming budget,” said Sanjeev Zarbade, Vice President PCG Research, Kotak Securities. Market participants would track the new policy initiatives of the newly-elected US President.

“This week it will be imperative to watch after-effects of Trump’s statements in oath ceremony, while earnings of heavyweights like, HUL, HDFC, Bharti Airtel and Ultratech will further set the tone ahead of Union Budget,” said Mustafa Nadeem, CEO, Epic Research.

“Since this week is having F&O expiry so volatility is very much expected on the card. Additionally, most discussed Union budget is approaching fast which is likely to put its impact on the street,” said Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments. Meanwhile, stock market may also react to news that regulator Sebi is planning to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows. Participatory Notes (P-Notes) are instruments issued by registered foreign portfolio investors (FPIs) to overseas entities who want to participate in the Indian market without being directly registered.

RECENT STORIES

Tata Group-Owned Indian Hotels Net Profit Jumps 26.56% To ₹329 Crore In Q1 FY26, Revenue Rises To...

Tata Group-Owned Indian Hotels Net Profit Jumps 26.56% To ₹329 Crore In Q1 FY26, Revenue Rises To...

Hexaware Acquires 100% Stake In SMC Squared For ₹1,029 Crore To Boost Global Capability Centre...

Hexaware Acquires 100% Stake In SMC Squared For ₹1,029 Crore To Boost Global Capability Centre...

Waaree Renewable's Q1 Net Profit Rises 207% YoY To ₹86 Crore Despite Sequential Dip; Revenue Jumps...

Waaree Renewable's Q1 Net Profit Rises 207% YoY To ₹86 Crore Despite Sequential Dip; Revenue Jumps...

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans