Aggarwal - Latest News Update, Information, Photos & Videos on Aggarwal at Lokmat Times

The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers."Now the focus of the market should be on economic growth cycle besides other factors such as fiscal consolidation, infrastructure spending, inflow of FDI and strong foreign policies," said D.K. Aggarwal, Chairman and Managing Director, SMC Investments & Advisors."Investors would also keep close eye on the progress of monsoon at home, and global factors such as crude oil prices, US Fed and trade tension," Aggarwal said.Besides, the new government's plans for likely fiscal support measures will be eyed by the investors, as a slowdown has become evident in sectors such as automobile, FMCG and aviation.Vinod Nair, Research Head, Geojit Financial Services, said: "The domestic market is likely to benefit from higher inflows from FIIs on account of political stability and expectation of growth."The downside risk of the market will be protected by extension in economic reforms and pick up in earnings from H2FY20 onwards. The risk taking ability has come back..."Apart from political developments, crucial data points about the country's 'fiscal deficit', 'index of eight core industries' and the Q1 GDP growth rate will be keenly watched by the market participants.In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.On the currency front, the Indian currency last week strengthened by 30 paise to close at 69.53 against the US dollar from its previous week's close of 70.23 per greenback."Expect rupee to trade between 69.20 and 70.20 range... Expect a rate cut in the coming monetary policy which can lead to some weakness in currency," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.On technical charts, the NSE Nifty50's intermediate trend remains bullish."Technically, with the Nifty surging higher this week on the back of the election results and touching new life highs, the intermediate trend remains firmly up," said Deepak Jasani, Head of Retail Research, HDFC Securities."Further upsides are likely in the coming week once the immediate highs of 12,041 are taken out. Crucial supports are at 11,591," Jasani added.(Rohit Vaid can be contacted at rohit.v@.in)( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

AggarwalFOLLOW

Aggarwal, Latest News

National :University politics should be student-centric, not engage in political party agendas: NBA chairman

National Board of Accreditation (NBA) chairman KK Aggarwal on Sunday asserted that protests at government universities were hampering academic work and said that student politics should be student-centric rather than being agendas of political partie ...

National :Need hospitals, not temples or mosques: Millennials

The unanimous verdict of the Supreme Court on the disputed Ram Janmabhoomi-Babri Masjid title case on Saturday has attracted mixed reactions from millennials across the country. ...

Politics :Delhi govt taking all steps to prepare for onset of 'parali', winter season: Kejriwal

Delhi Chief Minister Arvind Kejriwal on Monday met OP Aggarwal, CEO of World Resources Institute (WRI), to discuss ways to implement staggering office hours to combat heavy traffic congestion and air pollution in the national capital during the crop ...

National :Delhi CM discusses ways for staggered working hours

To reduce heavy traffic congestion and air pollution in the national capital during winters, Chief Minister Arvind Kejriwal on Monday met CEO of World Resources Institute (WRI) O.P. Aggarwal, to discuss ways to implement staggering office hours. ...

Entertainment :LFW 2019: Pandya, Haydon walk for Amit Aggarwal

Designer Amit Aggarwal on Wednesday launched his luxury pret collection called 'Flux' at the Lakme Fashion Week Winter/Festive 2019 with cricketer Hardik Pandya and actress Lisa Haydon walking on the ramp as showstoppers. ...

Business :New government formation, GDP data to dictate equity trends (Market Outlook)

The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. ...