New Delhi: Market sentiment in 2018 will be steered by Union Budget in February, corporate earnings, outcome of assembly elections in eight states, monsoon and global oil prices, say analysts. “Global oil prices, international commodity prices, global policies and interest rates if remain stable, we are likely to see positive sentiment continue. Any erratic changes in these parameters will trigger market movements going ahead,” said Anita Gandhi, Whole Time Director, Arihant Capital Markets.
The Sensex gained 7,430.37 points, or 27.91 percent, last year. The 30-share key index touched its lifetime high of 34,137.97 on 27 December. “In 2018, we have Karnataka elections in March-April and three other northern states around the same time. The provisions of Budget 2018-19 due on February 1 will also influence the outcome of this election, though economic growth/reforms and job growth are already under scrutiny,” said Deepak Jasani, Head – retail research, HDFC securities.
