Highlights
This week’s move of the stock market will depend on the global trend and MPC results.
Apart from this, there is also a need to keep an eye on the fluctuations in the rupee and FPI.
Last week, investors got a good earning opportunity in the market.
New Delhi. The stock market gave investors a good opportunity to earn in the last trading week. Building up in the last three sessions, the Sensex finally once again crossed the 57,000 mark. The Sensex reached the level of 57570 with a gain of 712 points on Friday. At the same time, Nifty also crossed the 17,000 mark and closed at 17158 with a gain of 228 points on Friday. According to analysts, the bulls dominated the market last week amid a positive global trend.
Will the market see a rise in the next week as well? This is a great question. For this, we have to look at those factors which will decide the direction of the market in the new trading week. Let us know that according to the experts, on which factors the movement of the market will depend this trading week.
Experts opinion
Analysts believe that the market movement this week will be determined by the quarterly results of companies, the decision of the Reserve Bank on policy interest rates and the stance of foreign funds. Analysts say that the trend of global markets, rupee volatility and crude oil prices will also affect the market sentiment. Ajit Mishra, Vice President – Research, Religare Broking said, “This week will begin with the monthly vehicle sales figures. Apart from this, market participants will also keep an eye on PMI (Purchase Managers Index) data. The results of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting will be announced on August 5.” .
All eyes on MPC
Apoorva Seth at Samco Securities has said that the biggest news on the domestic front this week will be the review meeting of the Monetary Policy Committee (MPC) of the Reserve Bank. He said, “All eyes will be on whether the MPC adopts an aggressive approach like the central banks of the West or follows its own path.” Apart from this, the movement of foreign portfolio investors will also decide the direction of the market. Let us tell you that in July, foreign portfolio investors have net invested about Rs 5,000 crore in the Indian equity market. According to experts, FPI investment will continue in August as well. Hemant Kanawala, Senior Executive Vice President and Head of Equity, Kotak Mahindra Life Insurance Company said that on the domestic front, the progress of monsoon has kept the growth factors intact. With the advance of monsoon and pick-up in sowing, inflation risk will ease.
Be the first to read breaking news in Hindi News18 Hindi | Today’s latest news, live news updates, read the most reliable Hindi news website News18 Hindi |
Tags: business news, Business news in hindi, FPI, Rbi policy, Share market, stock market
FIRST PUBLISHED : July 31, 2022, 15:17 IST
