Stock market After a major decline, the speed returned last week. This has brought some relief to investors. Now investors are eyeing the new week starting on Monday. Will the market continue to continue in this or will the decline deepen? Market expert says that the direction of the stock markets will be determined by global stance, large economic announcements and US fee events this week. He said that market participants would closely monitor the activities of foreign investors, geopolitical stress and their impact on US dollar and crude oil prices.
A lot depends on the move of foreign investors
Senior Vice President of Railor Broking Limited-Dodh Ajit Mishra said, “The upcoming business week will remain small due to holidays and market partners will closely monitor global developments in the absence of major domestic events. These factors include fee talks, geopolitical stress and US dollars and crude oil prices move. He said, “Foreign institutional investors (FIIs) have slowed down their selling in cash markets, but any change in their attitude will remain an important indicator for the market direction.” If they stop selling, then the market can continue to rise. Mishra said that on the Cast Economic Front, the Industrial Production Index (IIP) and Consumer Price Index (CPI) inflation data will be closely monitored.
Markets will be closed on Friday on the occasion of Holi
The stock markets will be closed on the occasion of Holi on Friday. This week, the CPI figures of the US and India are going to be released on March 12. Last week, the BSE Sensex gained 1,134.48 points or 1.55 percent and NSE Nifty rose 427.8 points or 1.93 percent. He said that global sentiment improved after a report of delay in US fee and the possibility of further interaction, which helped to stabilize the financial markets. In addition, the fall in weak dollars and crude oil prices increased the trust of investors. Vinod Nair, the research head of Jijit Financial Services, said, “The domestic market finally closed in the lead last week after several weeks of selling. The main reason for this is the growth rate of gross domestic product (GDP) in the October-December quarter of the current financial year. Metal, capital goods and energy sectors performed better due to China’s encouragement and low prices of crude oil. ”
Dollar index will benefit from weakening
Nair said, “The decline in the dollar index also improved investors’ perception towards emerging markets, while US markets have declined due to uncertainty on US President Donald Trump’s economic policies. On the fee front, long -awaited fees were implemented, but later they retreated by delaying their implementation, which led to uncertainty among investors. ” According to analysts, global perception improved following reports of delay in US fee and probability of further interaction, helping to stabilize the financial markets.
Market benefits from RBI’s move
The decision to insert additional cash in the banking system by the Reserve Bank of India (RBI) also increased the positive speed for the markets. Nair further stated that investors would also keep a close watch on parole figures and US inflation to get more indications about the next step of the Federal Reserve at interest rates.
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