Suspense Crime Sach Ka Dam
Stock Market Outlook: The interest rate decision of the Reserve Bank of India (RBI), the conflict in West Asia, and the activities of foreign portfolio investors (FPIs) will determine the direction of the Indian stock market this week. Analysts have expressed this opinion. Apart from this, the quarterly results of the information technology giant Tata Consultancy Services (TCS), domestic macroeconomic data, and Brent crude oil prices will also give direction to the market.
When is the RBI meeting
Last week, the stock market fell sharply due to the escalation of tensions in West Asia and the outflow of foreign funds. Pravesh Gaur, Senior Technical Analyst, Swastika Investment Ltd. said, “On the domestic front, all eyes will be on the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India.
The MPC meeting will begin on October 7. The results of the three-day meeting will be announced on Wednesday, October 9.
the liquidity position is strong
Gaur said that the second quarter results session of companies is starting with TCS. He said that the liquidity situation remains strong on the domestic front. In such a situation, cash flow from high-valuation sectors may be directed toward sectors with attractive valuations.
Gaur said that apart from this, commodity prices, the US dollar index, and important macroeconomic data of America will also be important for the market.
The stock market sank last week.
Last week, the 30-share BSE Sensex fell 3,883.4 points or 4.53 percent, while the National Stock Exchange’s Nifty fell 1,164.35 points or 4.44 percent.
Vinod Nair, Head of Research, Geojit Financial Services, said, “New milestones of 26,000 and 85,000 points respectively for both Nifty and Sensex were short-lived as the markets were hit by shocks from West Asia and foreign funds moving to somewhat lower-valued Asian markets. This led to a decline of more than four percent in the market.”
Investors’ capital decreased by Rs 16.26 lakh crore.
Amid a massive drop in the stock market, investors’ capital declined by Rs 16.26 lakh crore in five days. Palka Arora Chopra, director of Master Capital Services Ltd, said, “The market trend will depend on key domestic and global economic data. RBI’s decision on interest rates is to come during the week.
Apart from this, industrial production data will also be released. Along with this, details of the meeting of the Federal Open Market Committee (FOMC) in America, unemployment figures, and US GDP figures are also to be released.
oil prices
Religare Broking Limited Senior Vice President (Research) Ajit Mishra said that investors will keep an eye on geopolitical developments and their impact on crude oil prices. Mishra said, “Apart from the flow of foreign funds, domestic flow will also be important for the market. On the domestic front, all eyes are on the MPC meeting. The results of this meeting will be announced on October 9.
