Stock Market Week Outlook: The market movement in the Indian stock market this week will be decided by the quarterly results of big companies like TCS and Infosys, inflation data and global trends. Experts said that the market will also keep a close eye on the business activities of foreign investors. Let us know how the stock market will fare this week…

expert opinion

Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, said, this week will start the period of quarterly results of companies with adequate economic activity. Investors will keep a close eye on India’s retail and wholesale inflation data. Besides, the quarterly results of big companies in IT, banking, finance and energy sectors will also be in the centre.

He told that globally the market will keep an eye on the decision of the US Supreme Court, in which the validity of Trump’s charges is to be decided. This decision can become a big factor for market sentiment. According to market experts, the movement of rupee against dollar and crude oil prices will also be monitored this week.

These factors will decide the movement of the market

Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, said, on the domestic front, the third quarter results are beginning. This will decide the direction of the index and the direction of different sectors. The results of many big companies like TCS, HCL Tech, Infosys, Jio Financial Services, Reliance Industries and Tech Mahindra are about to come.

The comments of these companies and the future guidance of the management will play an important role in deciding the direction of the market. Last week was a bearish one for the domestic stock market, where it fell due to new threats of US tariffs, geopolitical tensions and selling by foreign investors.

Last week, BSE Sensex fell 2,185.77 points (2.54 percent) and Nifty fell 645.25 points (2.45 percent). Enrich Money CEO Ponmudi R said that retail and wholesale inflation data for the month of December will be released in India this week.

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Market this week: This week, the market moves can depend on many factor. One of these is the possibility of cutting the interest rates of the US Federal Reserve. It is believed that this step may increase optimism in the domestic stock market. Experts believe that investors’ attention is also on the deadline to impose additional American tariffs on Indian goods. Apart from this, business activities, global trends and comprehensive economic figures of foreign investors will determine the stock market trends this week.

Market move dependent on many things?

The stock markets will be closed on the occasion of Ganesh Chaturthi on Wednesday. Market experts say positive global signals are likely to get some support, as US Federal Reserve Chairman Jerome Powell has indicated a possible cuts in interest rates in their speech at the Jackson Hall Seminar. After this, the US markets rose strongly and the dollar index weakened.

Santosh Meena, Research Chief of Swastika Investmart, says that another important factor will be the time limit of August 27 related to the US plan to impose an additional 25 percent fee on Indian exports. He says that in the absence of clarity, the participation of FII may be less. Along with this, the country, China and India will also be closely monitored.

What do brokerage firms believe?

Earlier, the US markets closed with a sharp lead on Friday. Dow Jones Industrial Average climbed 1.89 percent, Nasdaq Composite 1.88 percent and S&P 500 1.52 percent. Chief Investment Strategist V.K. Vijaykumar says that the Jackson Hall speech of Fed chief Jerome Powell indicates interest rates in September.

On the other hand, Siddharth Khemka, Research Chief of Motilal Oswal Financial Services Limited, says that he hopes that GST will continue to get support to Indian stock markets with optimism about 2.0 reforms and comprehensive economic strength at the domestic level. He said that globally globally, the US fee action against India, and the upcoming GDP figures of both India and America will shape the perception of investors. Last week, the BSE Sensex rose 709.19 points or 0.87 percent, while the Nifty rose 238.8 points or 0.96 percent.

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Stock Market News: This week, the direction of the domestic stock market will be decided by many important factors. By Diwali, the declaration of major improvements in the Goods and Services Tax (GST) system, Putin-Trump Summit and S&P improve India’s credibility, can affect investors’ perception. At the same time, the trends of global markets and the stance of foreign investors will also play an important role in deciding the move.

Prime Minister Narendra Modi announced major reforms in the GST system till Diwali on Friday, which is likely to reduce the prices of everyday goods. Analysts believe that this move can increase the market enthusiasm. Santosh Meena, head of research of Swastika Investmart, said that investors are hopeful of the Prime Minister’s Independence Day address and a possible GST rate cut before Diwali can improve the notion of the stock market.

India welcomed the summit of US President Donald Trump and Russian President Vladimir Putin in Alaska, although the meeting did not reach any concrete result. Despite this, reports of reducing tension between America-Russia and not getting new restrictions on Russia are considered positive for the Indian market.

How will the market move?

Meanwhile, S&P has increased India’s credibility from ‘BBB-‘ to ‘BBB’ after more than 18 years. The rating agency has described the monetary policy that controls strong economic growth, fiscal discipline and inflation as its main reason. VK Vijaykumar, the main investment strategist of Jiojit Investments, said that this step can improve the perception of foreign investors (FIIs).

Meena further said that details of the US Federal Reserve meeting and the US economic figures will also affect the market globally this week. At the same time, Saurabh Aggarwal, Tax expert of EY India, termed the Prime Minister’s GST 2.0 vision as strategic and structural reforms raised on time to the Indian economy. Last week, the Sensex had climbed 739.87 points i.e. 0.92 percent and the Nifty 268 points i.e. 1.10 percent, due to which there is a positive atmosphere among the investors.

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