next week, that is, Monday How will the course of the Indian stock market be? Will the market go up or down? If you also do it in the market, we bring you the complete details. Market insiders say the third-quarter earnings season for domestic companies is drawing to a close. In such a situation, the course of the stock markets this week will largely depend on external indicators and the flow of foreign portfolio investors (FPIs). Analysts said the market would also remain volatile this week due to the unwinding of derivatives contracts. Santosh Meena, head of research at Swastika Investmart, said: “The market may remain volatile this week due to the global trend and sell-off in the futures and options segment.” However, FPIs have shown buying interest in recent days. There were some wholesale purchases last week. In such a situation, your attitude will be important from the point of view of the market.
Foreign investors began to invest again
FPIs were net buyers last week and bought Rs 7,600 crore net worth of stocks during the week. During the last week (7-12 February), he sold Rs 3,920 crore worth of shares. During the week, market participants will also be keeping an eye on Brent crude oil prices and the movement of the rupee. Ajit Mishra, vice president (technical research) at Religare Broking, said: “All the important developments have been left behind.” In such a situation, all eyes will be on the performance of the global market, especially the US market, for future indicators.
It will monitor the movement of crude oil and the rupee.
Apart from this, the movement of crude oil prices and the movement of the rupee will also give direction to the market. The 30-stock BSE Sensex gained 319.87 points, or 0.52 percent, last week. Market sentiment remained positive last week thanks to the purchase of FPI amid key macroeconomic data releases. However, higher-than-expected inflation and strong US labor market data pushed the market lower late last week, said Vinod Nair, head of research at Geojit Financial Services. This has raised concerns about further tightening of monetary policy. Nair said that in the absence of major developments in the domestic market, the market’s movement this week will be determined by the global trend.
latest business news