Global trends to guide equities this week amid lack of major trigger in domestic markets
时间:2024-06-17 21:15:56 阅读(143)
With the third quarter earnings calendar coming to an end and no major domestic trigger in sight, equity investors will focus on global trends and foreign fund movement this week, analysts said.
Markets may face volatile trends amid derivatives expiry during the week, they added.
Also read: Ambuja, ACC dropped from BSE 100 ESG
FPIs turned net buyers last week with an investment of over Rs 7,600 crore against net outflows of Rs 3,920 crore in the preceding week (From February 7-12).
Brent crude oil movement and the trend in the rupee would also be in focus this week.
“With all major events behind us, the performance of the global markets, especially the US, will be in focus for cues. Besides, crude and rupee movement will continue to offer indications in between,” Ajit Mishra, VP Technical Research, Religare Broking Ltd, said.
The BSE benchmark last week climbed 319.87 points or 0.52 per cent. “Dominated by the release of key macroeconomic numbers and persistent FII buying, domestic markets witnessed a positive trend during the last week.
Also read: Narrowing valuation gap with China may boost India flows
“However, the unfavourable combination of higher-than-expected inflation and a stronger job market in the US market dragged markets lower towards the end of the week, raising concerns about tighter monetary policy,” said Vinod Nair, Head of Research at Geojit Financial Services.
The lack of major triggers in the domestic market will attract global cues to dictate the market’s trend going forward, Nair added.
上一篇:Rupee likely to depreciate in near-term, may breach 85-mark in 2023; USDINR to trade in this range
下一篇:Woman jumps to death with six-month-old infant from 16th floor in Greater Noida
猜你喜欢
- Rupee hits 11-month low on China, oil concerns
- Will Nifty continue the winning streak to scale past 20900- 8 things to know before the share market opens
- Will Nifty scale new highs ahead of Diwali- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Nifty to trade in 16,300-16,900 range, Bank Nifty may top 37,000 this week; TCS, Britannia stocks in focus
- Nifty to reclaim 20000 or continue to fall in trade- See GIFT Nifty, FII data, crude, F&O ban, more before market opens
- Rupee depreciation, inflation, RBI rate hike triple whammy for biz, consumers; INR may hit 78
- Will Nifty hold 21,500 levels or Hit a new high of 22,000- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Yes Bank to issue securities worth Rs 8,898 crore to Carlyle, Advent
- Nifty to remain in uptrend, use Call Ladder strategy to make profits on F&O expiry; Buy on dips in Bank Nifty