Last week, the Sensex rises 2354 points and the Nifty 665 points, how will the market move from Monday? Learn
Indian stock market I had a great boom last week. The 30 -share Sensex of BSE rose 2354 points last week. Similarly, NSE’s Nifty 50 has also climbed 665 points last week. Investors have earned a brilliant rapid bumper in the stock market. The new week will start from Monday. In such a situation, will the market continue to rise or will you see a decline? Siddharth Khemka, Head of Research (Estate Management) of Motilal Oswal Financial Services Limited, said that we hope that the market will see a steady boom. It will be supported by the possibilities of the US-India trade agreement improvement, improvement in institutional flows. Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said, “Domestically, IIP and PMI data will be focused on data.” Also, the progress of monsoon and activities of FII will also play an important role in giving direction to the market.
Market will be monitored on these figures
This week the direction of the stock market will depend on many important economic indicators and global developments. Industrial production (IIP), developments related to American trade fee and other global trends will decide the market moves. Apart from this, foreign portfolio investment (FPI) and fluctuations in crude oil prices will also be in the eye of investors. According to Bajaj Broking Research, both India and the United States will reveal important economic figures this week, which can affect the market perception and monetary policy attitudes. The figures of Industrial Production (IIP) for the month of May on 30 June will be released in India. After this, the figures of manufacturing PMI on 1 July, and Services sector PMI on July 3 will be released, which will give an idea of order flow and demand in industry and service sectors.
Last week, the Indian stock markets witnessed a strong rise due to a decrease in geopolitical tension in West Asia and a sharp fall in crude oil prices in the international market.
The picture will change with the result season
According to Vinod Nair, Head of Research Head of Jiojit Investments Limited, as the first quarter results are getting closer, investors are looking at the performance of companies as an early indicator of development and focusing special attention to it. He said that there is also an eagerness in the market regarding efforts towards finalizing possible trade agreements with major global partners of the US in the coming week. In addition, market partners are keeping a close watch on India’s industrial production (IIP) data as well as major economic indicators such as the US non-form payroll and unemployment rate to assess the improvement in domestic and global economy. Meanwhile, the Indian stock markets recorded a boom in the fourth consecutive trading session on Friday, making the perception of investors strong.
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