Dalal Street Week Ahead | 10 key factors that will keep traders busy next week

moneycontrol.com:

The market snapped two-week sharp losing streak and clocked nearly 2.5 percent gains in the week ended February 4, thanks to the growth-oriented budget presented by Finance Minister by increasing capex by 35 percent to Rs 7.5 lakh crore for FY23 while keeping fiscal deficit target at 6.4 percent of GDP for the same year and having an achievable divestment target of Rs 65,000 crore indicating LIC IPO seems to be taking place by March 2022. However, the selling amid weak global cues in the last two sessions of the week capped some gains for the week.

The BSE Sensex surged 1,444.59 points to 58,644.82, and the Nifty50 jumped 414.35 points to 17,516.30, while the broader markets also joined the rally with the Nifty Midcap 100 and Smallcap 100 indices rising 2.14 percent and 1.87 percent respectively.

All sectors participated in the budget-driven rally with the Metal, Pharma, FMCG, IT, and Bank being prominent gainers rising 3-6.6 percent.

On Monday the market will first react to SBI, Tata Steel and IndiGo earnings. Overall the coming week is also going to be crucial as we have RBI policy and corporate earnings, hence the volatile swings may continue with more of a stock specific opportunities, while keeping other eye on global cues including elevated oil prices, experts feel.

"Markets have been witnessing volatile swings, mirroring their global counterparts and it may continue in near future. Besides, the upcoming event i.e. MPC's monetary policy review and earnings would further add to the choppiness," says Ajit Mishra, VP Research at Religare Broking.

He further says the market has been seeing consolidation in the index for the last 3 months and indications are in the favour of prevailing bias to extend. Hence he recommended