Stock Market on Monday: How will be the mood of the stock market on Monday, these factors will be important
The last month of the year has started from today i.e. Sunday. But, it will start in the stock market from tomorrow i.e. Monday. In the last week of November, on 29th, a rise of about 1 percent was seen in the Indian stock market. At the same time, how the coming week is going to be for the market will depend on some big factors. RBI policy meet, PMI data and crude oil prices will be the main factors among these. Let us now understand about it in detail.
No change in repo rate expected
RBI policy meet. This is the last MPC meeting of 2024 and experts do not see the possibility of change in the repo rate. Although the economy saw slow growth in the September quarter, inflation reached 6.21% in October, which is much higher than the RBI’s target of 4%. Experts believe that a cut in interest rates is possible in the February or April meeting. In this meeting, RBI will discuss its inflation target and measures for economic stability.
PMI data will be monitored
Globally, US economic data Will be important for investors. These include figures of monthly factory orders, vehicle sales, unemployment rate and JOLTs job openings. Apart from this, speeches of other officials including Federal Reserve Chairman Jerome Powell can also give important signals. These data will be used to decide the policy meeting of the Federal Reserve on December 19. Additionally, November manufacturing and services PMI data from major countries like US, Europe, China, and Japan will also be in focus.
Oil prices and market sentiment p>
Oil prices fell last week on hopes of easing tensions in the Middle East. Brent crude futures fell 3.82% to $ 72.3 per barrel. Experts believe that this is a positive sign for Indian equity markets. Along with this, the expectation of additional supply in 2025 by the International Energy Agency (IEA) may increase pressure on oil prices. Oil prices may remain volatile in the coming week.
Domestic Economic Data and FII Flow
HSBC Manufacturing PMI for India (2 December) and Services PMI (December 4) data will be important. According to initial estimates, Manufacturing PMI may decline to 57.3 in November, while Services PMI is likely to increase to 59.2. The market will also keep a close eye on FII activities. FIIs made net sales of over Rs 5,000 crore last week, while domestic institutional investors (DIIs) bought Rs 6,925 crore.
IPO Movement
Three new IPOs will be launched this week.
Property Share Investment Trust (2 December)
Nisus Finance Services (4 December)
Emerald Tire Manufacturers (5 December)
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Also, Shares of many companies including Rajesh Power Services, C2C Advanced Systems, Rajputana Biodiesel will be listed on the SME platform. All these factors will decide what will be the mood of the stock market in the first week of December.
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