How will the market mood be this week, these important and important triggers will decide the market
Share Market Outlook: This week the Indian stock market will be affected by the GST Council meeting, comprehensive economic data and business activities of foreign investors. Apart from this, negotiations regarding tariffs, global market trends and automobiles will also affect the notion of investors. Vinod Nair, Research Head of Geojit Investments Limited, said, “India’s flexible economy, supported by strong GDP figures inspired by government spending and policy measures, is capable of dealing with external challenges. However, fiscal concerns remain. The solution of tariff dispute can become a major catalyst for market notion. ”
Market will be eyeing the data of manufacturing, service and PMI
India’s economy increased at a rate of more than 7.8 percent in April-June before US President Donald Trump imposed heavy tariffs. This was the fastest speed of the last five quarters. Now by applying tariffs, major exports like textile are threatened. Ajit Mishra, Senior Vice President (Research) of Railor’s Broking Limited, said, “This week will be full of events and a new month will start.” Investors will keep an eye on HSBC’s manufacturing, service and PMI as well as vehicle sales data.
GST Council meeting is going to be held on 3-4 September
Experts said that the market will also keep an eye on the rupee-dollar exchange rate and fluctuations in the prices of crude oil. Siddharth Khemka, research head of Motilal Oswal Financial Services Limited, said, “The market will be eyeing the meeting of the GST Council to be held on September 3-4 to discuss the proposed GST reforms. The market will also react to India’s GDP data on Monday. “Last week, the BSE Sensex fell 1497.2 points or 1.84 percent and the NSE Nifty fell 443.25 points or 1.78 percent.
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