Stock market
Share Market Outlook: The stock market continues to be raised. The Sensex closed down 207.43 points last week. At the same time, the Nifty also recorded a decline of 75.9 points. In such a situation, how will the stock market move next week? Let us tell you that the markets will be closed on Monday and Friday next week. In such a situation, will the bazar return or decline in the week with low business? The question is that US President Donald Trump had announced a 26% additional duty on imports from India, which later deferred for 90 days. After this, the market is expected to boom. Let us know how the market moves can be next week.
These events will be monitored
Market experts say that the direction of the stock market next week will depend mainly on the developments associated with the US-China tariff war and the quarterly results of IT companies-vipro and Infosys. Apart from this, global trends and activities of foreign investors will also affect the market move. There will be two holidays in the stock market next week – Baba Saheb Ambedkar Jayanti on Monday and Good Friday on Friday.
There may be ups and downs in the market
Puneet Singhania, director of the Master Trust Group, said that next week, the global and Indian markets may remain unstable as the trade war between the US and China is deepening. He informed that the two countries are levying a fee fee on each other, due to which there is confusion. This week, data will be released in India wholesale price index (WPI) and Consumer Price Index (CPI) based inflation figures. At the same time, important economic figures of America, Britain and China will also be revealed.
Trump gave relief to many countries
Recently, US President Donald Trump introduced a new fee scheme, which has been given temporary relief to some countries, but China was targeted. In response, China has also increased the fees on US products to 125%, while the US imposed a 145% fee. However, China has said to keep the doors open for talks.
The results of companies will be monitored
Ajit Mishra, Senior Vice President of Railways Broking Limited, said the market will be affected by the activities and results of domestic companies on the US-China front in limited business sessions due to holidays. This week, IT sector veteran companies Vipro and Infosys-Tatha HDFC Bank and ICICI Bank will declare their March quarter results.
Siddharth Khemka of Motilal Oswal Financial Services Limited said that the US-China trade tension, global market trends, and quarterly results of companies may lead to ups and downs. Also, the rupee-dollar moves and the prices of Brent crude will also determine the market direction.
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