📷 Image Credits: The Economic Times
As Nifty concluded the previous week with a 0.4% increase, investors are gearing up for a new week packed with economic activity following the Bakri Eid holiday. When trading resumes on Monday, a range of significant events, both domestic and global, will be in focus and are likely to have a substantial impact on the markets.
Among the factors that will be closely monitored, the outcome of the GST Council meeting and the actions of Foreign Institutional Investors (FIIs) are expected to play a crucial role in determining the market sentiment throughout the week. The GST Council’s decisions on rate cuts for various items, including televisions and movie tickets while maintaining rates for cement and auto parts, are likely to grab the attention of investors.
Additionally, the moves made by FIIs on the Indian stock market will also be a key focus area. The recent bearish trend in the global crude oil prices, along with the fluctuation in the rupee value, have caused concerns among investors, pushing them to closely monitor these developments.
Furthermore, specific company actions, such as the Madras High Court’s order on Vedanta’s Sterlite unit, will be under scrutiny. Other corporate activities, including board meetings and buyback discussions, are also set to draw attention from market participants.
The week ahead will also witness the expiry of the F&O contracts, which historically leads to increased volatility in the markets. Apart from these, technical factors, financial sector developments, and global cues, such as the US-China trade war and Bank of Japan’s monetary policies, will be closely watched by investors.
Overall, with a mix of global and domestic events unfolding, D-Street is set for an action-packed week with multiple factors poised to influence market movements and investor sentiment.
