Analysts predict that the US Fed’s interest rate decision and corporate earnings will move the market forward throughout the holiday week

Trading would also be influenced by variables such as movements in the rupee-dollar exchange rate, global crude oil benchmark Brent Crude, and commercial operations of foreign investors. Because it is Maharashtra Day on Wednesday, the domestic stock exchanges will be closed.

Corporate attention will be mostly on quarterly earnings releases, which will influence market movements in the upcoming week. According to Santosh Meena, Research Head at Swastika Investmart Limited, stock-specific efforts would be guided by the upcoming batch of Q4 earnings reports. The start of May will see the release of monthly auto sales data, and voting for the subsequent round is essential, he continued.

“The Federal Open Market Committee’s (FOMC) decision on May 1 will have a big impact on the world stage. The US and Chinese releases of economic statistics will also influence the ups and downs in the world currency markets. “Pay attention to that,” Meena suggested.

This week, a number of significant corporate earnings releases are anticipated, including those from Titan, MRF, Adani Green Energy, Adani Power, Adani Enterprises, Central Bank of India, and Adani Chemicals.

According to Vinod Nair, Research Head at Geojit Financial Services, “the ongoing Q4 earnings report is poised to affect domestic market dynamics, while the US Fed policy and non-farm payroll data will guide the global market.”

Motilal Oswal Financial Services Limited’s Head of Retail Research, Siddharth Khemka, expressed optimism that the

Sector rotation and the current results season would rekindle market momentum with an emphasis on stock-specific moves.

The NSE Nifty gained 272.95 points, or 1.23 percent, last week, while the BSE benchmark increased by 641.83 points, or 0.87 percent.