Global trends to guide equities this week amid lack of major trigger in domestic markets
时间:2024-06-26 10:54:59 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
- Adani Ports & SEZ, Adani Green Energy among 124 BSE stocks to touch 52-week lows, 63 stocks hit 52-week highs
- No tax incentive for G-Secs inclusion in JPMorgan index- Somanathan
- Rupee likely to depreciate amid strong dollar, risk aversion in markets; USDINR to trade in this range
- Nifty, Sensex end in green, Bank Nifty hit record high, PSU banks lift indices; traders eye US Fed
- Rupee falls 7 paise to 82
- Adani Enterprises now among top 10 most valued listed firms
- Nifty, Sensex tomorrow- BoJ shift hits stocks; indices end down, to be range-bound until further cues emerge
- Rupee likely to appreciate amid retreat in dollar, strengthening Asian peers; USDINR to trade in this range
- Rupee likely to be ranged as traders eye US Fed and BoE this week