Equity Pulse : Markets marginally up, important and eventful week ahead

Dear Kundapur Govardhana Kini, We understand the need for the right research to make smart  investment decisions. To keep you well informed, we present the market outlook for this week.   Previous Week : Sensex marginally up by 0.2% on back of strong economic data from Global Markets   Equity markets in India advanced further during the previous week. However, concerns still remain. After a weak opening for the week both indices recovered significantly during the next couple of days. The market could not sustain the gains and fell again during the last     couple of days on weak Asian markets due to a hike in the discount rate by the US Fed On a week-on-week basis, the BSE Sensex rose marginally by 39   points or 0.2%, to close at 16191.63. The S&P CNX Nifty, on the other hand, closed up by 18 points or 0.3% to close at 4844.90 for the week Recovery during the mid week was due to good show in the global   markets on the back of strong economic data The decline during the later part of the week can be attributed to the   surprising hike of the discount rate by the US Fed   Week Ahead : Market  likely to get direction from the Budget,  week likely to start on a weaker side   Despite the market advancement, there was a lack of confidence among participants. Thus, the market could not sustain gains during the previous week.   The focus has been shifting towards the exit policies by major     economies and monetary tightening by central bankers across the world   China, during the previous weekend, further hiked its reserve     requirement rate by 50 bps. More importantly, the US Fed also joined the league by hiking its discount rate by 25 bps to 0.75%   In India too, rising inflation has been a key worry for the RBI The coming week would be very important and an eventful one for the Indian markets with Railway and General Budget due to be announced during the later parts Equity markets are likely to get some directions from the Budgets that can be seen during the subsequent weeks. The start of the week is likely to on the weaker side. Sincerely, ICICIdirect.com Did you know : Now resolve your queries instantly by using Insta Help - A self help tool.