Increased volatility is likely to hit the market next week as the Union Budget is approaching. Investors largely expect new measures in the Budget, including a reduction in the Long-Term-Capital-Gains tax.
The Budget which falls on a Saturday, February 1, when the stock markets as a normal working day.
Overall, the expectation is that Corporate October-Dec 2019 quarterly results are expected to give a strong push to earnings growth for the week.
Among corporate quarterly earning results announcements, Dr.Reddy’s, Inter-globe Aviation (Indigo) and Housing Development Finance Corporation (HDFC) will announce the Q3 result on Monday, 27-January.
Maruti Suzuki India and Mahindra & Mahindra Financial Services and Infibeam Avenues will announce its Q3 result on Tuesday, 28 January.
Bajaj Auto, Tata Motors, Dabur India, and Multi Commodity Exchange (MCX) will announce their earning updates result on Wednesday, 30 January. Get more updated stock Tips and Free stock market updates visit our website.
Tech Mahindra, ITC, State Bank of India and Sun Pharma Advance Research will announce their Q3 quarterly result on Friday, 31 January.
Finance Minister Mrs. Nirmala Sitharaman will present the Federal Budget 2020-21 on Saturday, first February, amid high expectations of a reduction in the personal tax rate as well as other steps to push the economy.
Stock markets — the BSE and NSE — will remain open on Saturday, February 1, the day on which Budget-2020 will be presented by Finance Minister.