Share Market Outlook: Will Bulls dominate the market from Monday? Which factors will decide the move, understand from experts Share Market Outlook: Will Bulls dominate the market from Monday? Which factors will de

0
7
 Share Market Outlook: Will Bulls dominate the market from Monday?  Which factors will decide the move, understand from experts Share Market Outlook: Will Bulls dominate the market from Monday?  Which factors will de


Photo:India TV Share Market Outlook

Highlights

  • Will be determined by global trends, foreign fund inflows and volatility in crude oil prices
  • Major global events are interest rate decision by the European Central Bank and China’s inflation rate
  • Indian equity markets outperforming most global markets

Share Market Outlook: In the absence of significant domestic developments, the stock markets’ trend this week will be determined by global trends, foreign fund inflows and volatility in crude oil prices. Giving this information, analysts said that the major global events of this week are the decision on the interest rate by the European Central Bank and the inflation rate of China. Santosh Meena, Head of Research, Swastika Investmart Ltd said, “Indian equity markets are outperforming most global markets and are trying to show resilience despite weak global cues. There are no significant developments on the domestic front this week, so the direction of the global markets will play an important role in the direction of our market.

These figures will also affect the market

Meena said that on the global front, the European Central Bank will decide on the interest rate on September 8, 2022. Apart from this, the services sector PMI (Purchase Managers Index) data for August will also influence the market. These figures will come on Monday. Ajit Mishra, Research Vice President, Religare Broking Ltd. said, “In the absence of any major developments, participants will be looking at the global markets. Apart from this, he will also keep an eye on the trend of foreign inflows.” Last week, the Sensex had lost 30.54 points or 0.05 per cent, while the Nifty fell 19.45 points or 0.11 per cent. Vinod Nair, Head of Research, Geojit Financial Services, said rising FPI inflows helped domestic equity markets remain resilient. However, in the past, the US Federal Reserve pointed to monetary tightening contrary to market expectations. In such a situation, the concerns of economic slowdown increased and its effect was seen on the markets around the world.

Stock market will continue to rise till Diwali

Sunil Damania, Chief Investment Officer, Markets Mojo said, “We believe that the market is currently in a bullish trend. One of the main reasons for this is the better performance of the Indian economy.” He said the rupee has stabilized after touching a record low against the US dollar. Rupee is currently hovering around 79.50 against the dollar. During trading on Monday, it had touched the all-time low of 80.15. On the other hand, Nifty is expected to go up to 19,000 mark by December, 2019. In such a situation, the Indian market is expected to remain bullish till Diwali.

Latest Business News

function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}

window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here