Global trends to guide equities this week amid lack of major trigger in domestic markets
时间:2024-06-26 08:38:51 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.
猜你喜欢
- SAT quashes insider trading charges against Biocon’s Shreehas Tambe
- Sebi notifies stricter delisting rules for non-convertible debt securities
- Schemes of arrangement- Sebi mulls framework for entities that have only listed their debt securities
- Sebi issues advisory for regulated entities on cybersecurity practices
- Crude prices may see further selling pressure if cracks in banking system widen; do not recommend fresh short positions
- SEBI clears way for govt to become largest shareholder in Vodafone Idea, forego dues
- Radhakishan Damani’s DMart stock jumps 4% on six-fold rise in Q1 profit; should you buy, sell, hold-
- Sebi plans to set limits on fund life of AIFs- Regulator also mulls cap on large value funds
- Crude oil prices steady as markets look ahead to China GDP data