The investors are now eyeing a host of investors in the second week of October. This news has been recently announced by the officials. It is going to be brimming with several key events that might guide market direction which also include the July to September quarter of fiscal 2023-24 (Q2FY24) results, crude oil prices, global cues, macroeconomic data, and foreign fund inflow. The domestic equity benchmarks Nifty and Sensex have settled higher in the previous session. It was settled after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) clearly maintained the status quo on the repo rates and the police stance in line with the Street expectations.
The central bank has retained its policy stance on the withdrawal of the accommodation with five out of the six MPC members voting in favor of this. There is a great number of domestic investors have also been boosted sentiments by the end of the volatile week. On 6th October 2023, Friday, the Nifty 50 closed at 19,653.50 up points or 0.55%, and on the other hand, the Sensex closed at 364 points or 0.55% which is higher at 65,995.63. As per the graph now the BSE Midcap index rose 0.66% and the small-cap index ended up 0.56% higher.
The Global cues are positive right now after a pause in the bond market sell-off. The bond of the United States was near 4.73 when the Sensex closed on 6th October 2023, Friday. This bond was of a 10-year contract. The dollar is now all set to end the week with the gains. As per the reports, the Sensex has roped by 0.25% and the Nifty 20 has inched up by 0.08%. The BSE Midcap index has now dropped down to 0.81% this week when the small-cap index was moved up by 0.79%. The 10-year bond of India has been rosed at the most in 17 months and it has stood at the 7.32%. Keep reading.
It happened after the Reserve Bank of India (RBI) governor announced that the regulator is going to conduct an open market operation (OMO) by the auctions to manage the liquidity. In the next week of October means from Monday, 9th October 2023, everybody is going to keep their eyes on the beginning of the corporate performance for the second quarter of the fiscal year of this time (Q2FY24) and it has spanned from July to September 2023. there is very high anticipation in the investors because Tata Consultancy Services (TCS) is officially set to reveal the Q2 results on 11th October 2023.