Markets Next Week: Fuelled by Q4 Results Will Drive Nifty, Sensex Movement

Next week will largely be fuelled by quarter results to be announced by a number of companies including ICICI Bank, Yes Bank, HCL Tech, Hindustan Zinc, and Tata Communications.

Besides these large coporation, there will be eyes on the results of Angel One, Just Dial, NETWORK18, and Quick Heal Technologies which will be out on April 17, followed by CRISIL, ICICI Lombard General Insurance Company, and Tata Coffee on April 18.

While Mastek and Tata Communications will announce the results on April 19, Cyient, HCL Technologies, ICICI Prudential Life Insurance Company will release the numbers on April 20, and Tejas Networks, ICICI Bank, Yes Bank, and Hindustan Zinc on April 21.

Also traders will keep an eye out for several figures coming out from government, deposit growth and bank loan growth which is scheduled to be released on April 21, 2023.

Meanwhile, the drop in India Volatility Index (VIX), to a 20-month low reflects risk-off investor sentiment. A slight cooling off of inflation has occurred and FII purchases have added to optimism.

The FPI (Foreign Portfolio Investment) trend suddenly changed for the better in April, FPIs were buyers in all days of April and so far have bought equity for Rs 7,531 crore, as per NSDL data.

All in all, the markets may see volatile session going ahead and investors are advised some degree of caution.