Suspense Crime Sach Ka Dam
On the last trading day of last week, i.e. Friday, the stock market witnessed a great boom. The BSE Sensex closed at 82,133.12 points, up 843.16 points. In such a situation, will the market continue to rise in the new week starting from Monday or will there be a break once again? Stock market experts say that the direction of the Indian stock markets this week will depend on the US central bank’s decision on interest rates, wholesale inflation data and investment by foreign institutional investors (FIIs). Apart from this, investors will keep an eye on global trends for further indicators.
Global and domestic factors will have an impact
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd, said that the future trend of the Indian stock market will depend on global and domestic factors. Global trends, especially the performance of the US markets and the policy decision of the Federal Reserve, will play an important role in this. Apart from this, inflation data on the domestic front will also be important for market sentiment. He said that along with this, the flow of foreign and domestic institutional investors will be important for the market. Gaur said that market participants will also keep an eye on the movement of rupee against the dollar and crude oil prices. Talking about domestic macroeconomic data, all eyes will be on the Wholesale Price Index (WPI) based inflation data on Monday.
The Fed may cut interest rates again
Religare Broking Limited’s Senior Vice President (Research) Ajit Mishra said that this week the market will be eyeing the US Central Bank’s meeting. The market is already assuming that the Federal Reserve will cut the key policy rate by 0.25 percent. The US Central Bank’s comment on the policy rate in future will also be important. Last week, the BSE’s 30-share Sensex climbed 623.07 points or 0.76 percent. On the other hand, the National Stock Exchange’s Nifty was in profit of 90.5 points or 0.36 percent. An analyst said that investors will also keep an eye on the wholesale inflation data to be released on Monday on the domestic front.
