Election results, global risks to guide equities markets

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Mumbai: Geopolitical tensions emanating from the Russian-Ukrainian conflict as well as crucial state assembly election results will determine — key equity indices — movements next week.

Besides, macro-economic industrial production data along with the direction of foreign fund flows and global commodities price movements will impact investors’ sentiments.

Notably the defining moment for next week will be the declaration of assembly election results in five states — Uttar Pradesh, Goa, Manipur, Uttarakhand and Punjab — on March 10.

“The Assembly election’s exit polls on March 7 and the election outcome on 10th March would be key event closely monitored, while US Fed meeting scheduled on March 15-16 would have a bearing on global economy,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.

“The recent correction has led to moderation in valuation and the healthy earnings visibility can act as a…

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