These good news from America will be seen in the stock market very fast, stocks of these sectors will be in focus
Stock market There was a decline last week. The 30 -share Sensex of BSE was 626.01 points. At the same time, the Nifty of the National Stock Exchange had fallen by 176.8 points. In such a situation, everyone’s eyes are now on the new week starting on Monday. What will return in the new week or will the decline continue? If you also invest money in the stock market, then you must be looking for the answer to this question. Let us tell you that next week the move will depend on the good news coming from America. Let us tell you that the 90 -day duration of the counter -suspension of counter -duty declared on India by US President Donald Trump ends on 9 July. In such a situation, if the results of the dialogue are positive, the market may return to a great boom. If there is a trade deal with the US, the stocks of sectors like IT, pharma and vehicle can benefit.
What is the expert to say?
Vinod Nair, head of research from Jiojit Investments Limited, said that the positive results of the US-India trade talks can improve the market perception. This can benefit business-sensitive areas like IT, pharma and vehicles. Siddharth Khemka, head of the research head of the research of Motilal Oswal Financial Services Limited, said that overall, we hope that there will be a slowdown in the market about clarity on Indo-US trade. At the same time, special activities can be seen from the quarterly results session starting from this week.
VK Vijaykumar, the main investment strategist at Jiojit Investments Limited, said, “Foreign institutional investors (FIIs) buying activities will depend on two things.” One, if there is a trade agreement between India and the United States, it will be positive for markets and FII flows. The second quarter results of the current financial year. If the quarterly results of companies are positive, then it will improve the perception of the market.
These factor will also affect the market
Next week, the quarterly results of Tata Consultancy Services (TCS), the major IT sector company and the flow of foreign funds will also be important for the market direction. Railwayor Broking Ltd. Senior Vice President-President Ajit Mishra said that this week is important not only for Indian, but also for global markets. The most important developments are the end of the deadline for the counter -suspension of July 9. This will shape the future of global business. Investors will also wait for the details of the Federal Open Market Committee meeting on the same day. At the domestic, investors will be eyeing the quarterly results of IT company TCS and retail -field giants Avenue Supermarts. Apart from this, many other companies will also result in the results of the first quarter of the current financial year. Also, the price of Brent crude oil and the speed of rupee against the dollar will also be important for the market.
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