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Stock Market: Money is invested in the stock market, so know how the Sensex-Nifty move will be next week

Stock Market Update: If you are also planning to invest money in the stock market, then there is important news for you. The movement of the domestic market next week will be decided by macroeconomic data and quarterly results of companies. Apart from this, the effect of global signals will also be seen. Market experts have expressed this opinion.

Will keep an eye on the ups and downs
Experts believe that the market participants will keep an eye on the fluctuations of the rupee and crude oil prices as well.

The figures for CPI, IIP and WPI will come
Ajit Mishra, Vice President, Religare Broking has said that market participants will be the first to react on the quarterly results of Tata Consultancy Services (TCS) this week. Apart from this, IIP and Consumer Price Index based inflation (CPI) data are to come on 12 July and WPI data on 14 July. Apart from domestic developments, the trend of US markets and crude oil prices will remain on the radar of investors.

TCS had released the results
TCS’s June quarter results came after the market closed on Friday. The company’s consolidated net profit rose 5.2 per cent to Rs 9,478 crore during the quarter. Apart from this, the company’s income has increased by 16.2 percent to Rs 52,758 crore during the quarter.

Results of many companies will come
During the week, ACC, HCL Technologies, Jindal Steel & Power, Mind Tree, Federal Bank and HDFC Bank will also announce their June quarter results, said Santosh Meena, Head of Research, Swastika Investmart. He said that apart from this, the trend of FII, the direction of the rupee and the price of crude oil will also decide the movement of the market.

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