Q1 results, IPO action among 10 factors that will steer D-Street this week
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While the Nifty managed to hit the 25K mark, the weekly trade was largely range-bound, with the 50-stock index ending the week with a 0.47% decline, dragged down by fears of a US economic slowdown and Japan’s rate hike. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. On Friday, Nifty ended with a decline of 1.2%. Commenting on the current market trends, Osho Krishan, Senior Analyst - Technical & Derivatives at Angel One said that he sees a more balanced market sentiment after a sustained period of bullish dominance, reflecting a potential sense of exhaustion following the recent rally. He advises investors to implement proper risk management strategies at current levels. In his view, thematic trends will likely continue to strongly influence the market. "Day traders can benefit from identifying and addressing these trends, as they offer ampl...