Stock market
Share Market Outlook: The Indian stock market was a great boom last week. The BSE Sensex rose 1,289.46 points. In such a situation, how will the stock market move in the week starting on Monday? Will there be a boom or the growing war between India and Pakistan will have an impact and the market will decline. Senior Vice President Ajit Mishra, Railways Broking Ltd. said that this week will be important due to many global and domestic developments. Investors will be eyeing the growing tension related developments between Tariff War and India and Pakistan. Investors HSBC Composite PMI and service will monitor PMI data on the large economic front. On the global front, the Federal Reserve’s decision to be declared on May 7 will be monitored by all. All these decreasing order will affect the market.
How will the market move?
Motilal Oswal Financial Services Limited, head-grade, Estate Management Siddharth Khemka said that overall we hope that the market will be in a wide range with positive sentiments. There will be an impact of share-specific activities in the market. However, some fluctuations may be seen due to geopolitical stress.
Jiojit Investments Ltd. Research Head Vinod Nair said that the decline in US GDP in the first quarter has increased uncertainty. During this week’s Federal Open Market Committee (FOMC) meeting, the comments of the Federal Reserve Head on interest rate and inflation will be closely monitored. FIIs remain buyers in the last 12 trading sessions. He said that there are two major factors behind this change in FII strategy. First, the announcement of the 90 -day ban on President Donald Trump’s counter duty has improved the global markets. India’s performance in this reform has also been better than other countries. The second reason is dollar weakness. On January 11, the dollar was at an index 111 which has now come down to 99. This has increased FII flow in emerging markets, especially in India.
These factor will also affect the market
The direction of local stock markets will be decided by decisions at the US central bank’s interest rate this week, business activities of foreign institutional investors and quarterly results of companies. Analysts have expressed this opinion. He said that in addition to the increasing tension between India and Pakistan after the Pahalgam terror attack, investors will also watch. Last week the local markets closed with a positive attitude due to the hopes of the potential trade agreement with the US and the continuous flow of FIIs (foreign institutional investors).
These companies will release results
During the week, many big companies including Mahindra & Mahindra, Coal India, Asian Paints, Larsen & Toubro and Titan will announce their quarterly results. He said that investors will be watching the global fees and business related developments globally. Lemon Market Desk analyst Gaurav Garg said that the potential recession in the US and the tension on the border between India and Pakistan have also affected the ‘mood’ of the market. He said that the domestic market is expected to be vigilant in the near future amidst geopolitical tension.
However, there is no possibility of sharp decline at the moment. Globally, trade tension reduction between the US and China and the weak US dollar are considered positive for emerging markets such as India.
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