By Admin 
Indian Stalk Market OOutlook: The ongoing conflict in West Asia and fluctuations in crude oil prices will be the main factors determining the direction of the stock market this week. Analysts said that apart from this, the US Federal Reserve’s interest rate decisions and inflation data will also affect the market. Let us know about the movement of the market in the week starting from March 16…
What do experts say?
Ajit Mishra, Vice President, Research, Religare Broking Limited, said that this week is full of many important developments and data at the domestic and global level. He said that special attention will be kept on geopolitical developments, because their impact on crude oil prices can affect the overall direction of the market.
On the domestic front, markets will keep an eye on key macroeconomic indicators like Wholesale Price Index (WPI) based inflation, trade balance data and foreign exchange reserves.
There was pressure in the market
Hariprasad K, founder and research analyst of Livelong Wealth. Indian markets remained under heavy pressure last week due to deteriorating global risk sentiment, increasing tensions in West Asia and continuous selling by foreign institutional investors (FIIs). Last week, BSE Sensex fell 4,354.98 points or 5.51 per cent, while NSE Nifty fell 1,299.35 points or 5.31 per cent.
Since February 27 last month, the Sensex has fallen by 6,723.27 points or 8.27 percent. Experts have warned that the ongoing standoff in the Strait of Hormuz could tighten global crude oil supplies, leading to rising inflation in Asia.
Expectation of market fluctuations
Ponmudi R, Chief Executive Officer (CEO) of Enrich Money said that a lot of ups and downs are expected in the coming week. Any delays in shipping due to the conflict in West Asia could impact global capital allocation in emerging markets like India.
Foreign investors have withdrawn approximately Rs 52,704 crore from domestic stocks in the first fortnight of March. The main reasons for this are tensions in West Asia, weakness of the rupee and the impact of high crude oil prices on Indian growth rate.
What does Motilal Oswal have to say?
Siddharth Khemka, Head of Research, Motilal Oswal Financial Services, said that this week investors will also keep an eye on the Euro zone CPI data, policy decisions of the Bank of England (BOE) and the European Central Bank (ECB) and US jobs data.
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