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@ Republic World
2024-04-14 05:45:14
Stock market to navigate geopolitical events, earnings reports- Republic World
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Stock markets will be closed on Wednesday for Ram Navami. Concerns about a potential conflict between Iran and Israel are emerging. Movements in crude oil prices will be closely monitored. Earnings reports from major companies, including Infosys, Bajaj Auto, and Wipro, are expected later in the week. China's GDP data, US retail sales figures, and movements in US bond yields and the dollar index will also influence market sentiment. TCS reported a 9% growth in net profit in the fourth quarter of FY24. Major global and domestic economic data will guide the market's outlook. Retail inflation in India declined to a five-month low of 4.85% in March. Industrial production growth accelerated to a four-month high of 5.7% in February 2024. Negative news from the global front could impact Indian equities' upward momentum. The BSE benchmark Sensex settled at an all-time high of 75,038.15 on Wednesday.
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https://www.republicworld.com/business/stock-market-to-navigate-geopolitical-events-earnings-reports/