The week gone by was better for the stock market. The stock market closed trading sharply on Friday amidst ups and downs. Last week, the 30-share BSE Sensex gained 772.01 points or 1.25 percent. In the coming week, if you are also preparing to invest in the stock market, then you have to recognize some important signals and triggers of the market. According to trade experts, the direction of local stock markets will be determined this week by macro-economic data, monthly data on vehicle sales, FII inflows and global trends. Everyone’s eyes will also be on America’s loan agreement and institutional flow.
eyes on america
Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “This week market participants will be closely watching institutional flows as both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are believed to be net buyers, So there is a possibility of some profit booking in the market. ”””’ Meena said that on the global front, activities regarding the debt limit in America will be important. Apart from this, participants will also keep an eye on US macro-economic data, yield on bonds, movement of dollar index and crude oil prices. He said, “On the domestic front, the gross domestic product (GDP) figures and vehicle sales figures will be important.”
Economic data and results of the company will decide the direction
Ajit Mishra, Vice President – Research, Religare Broking said, “This week marks the beginning of a new month. In such a situation, market participants will be watching the vehicle sales, manufacturing PMI and service PMI data. Before this, GDP figures are to come on May 31. PMI figures for the manufacturing sector will come on Thursday. Apart from all these factors, market participants will keep an eye on the performance of the US market, he said. Last week, the 30-share BSE Sensex gained 772.01 points or 1.25 percent.
Increased concern of global recession
Vinod Nair, Head of Research, Geojit Financial Services, said, “The performance of domestic markets in the past week was influenced by global developments. These include the deadlock in the US on raising the debt limit, the recession in Germany and the comments of the US Federal Reserve officials. The situation in Britain has definitely improved to some extent, but still the clouds of crisis have not completely cleared.
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