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Quarterly results and global signals will give direction to the market, Sensex-Nifty will gain momentum!

Stock Market Prediction: If you have also invested money in the market, then know whether the market will continue its upward trend or may decline next week. will be determined by the signs.

Market will be closed on Tuesday
Let us tell you that the week will be short in terms of business days due to holidays. The stock markets will remain closed on Tuesday on the occasion of Muharram.

Markets will react on quarterly results
Expert said that the attitude of foreign investors will also play an important role in deciding the direction of the market. Santosh Meena, Head of Research, Swastika Investmart Ltd. has said that this week the market will face the last phase of quarterly earnings. The market has to react to the results of SBI, HPCL and BPCL.

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Quarterly results of these companies will come
Apart from this, the results of Adani Ports, Bharti Airtel, PowerGrid, Coal India, Eicher Motors, Hindalco, Grasim, Hero MotoCorp, LIC, ONGC and Bata India will also come in the coming week.

SBI’s net profit decreased
State Bank of India (SBI) had said on Saturday that its standalone net profit declined by seven per cent. Similarly, Hindustan Petroleum Corporation Limited (HPCL) has reported a quarterly loss of Rs 10,196.94 crore.

CPI and IIP data will come
Apart from this, investors will also have an eye on economic data. India will announce its CPI and IIP figures on August 12. US inflation data will come on August 10.

Sensex up 817 points
Ajit Mishra, Vice President Research, Religare Broking Limited has said that due to further escalation of China-Taiwan tensions, volatility in the market may increase. In terms of data, IIP and CPI inflation figures are due on August 12. The BSE 30-share index Sensex rose 817.68 points or 1.42 per cent last week.


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