The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in global oil prices for further cues. "This week, the focus will shift to global cues, particularly the US markets," Santosh Meena, Head of Research, Swastika Investmart Ltd said.
The AAP govt has asked ACB's Additional Commissioner SS Yadav to supervise the main work including investigation and functioning of the anti-graft body.
Equity benchmark BSE Sensex tumbled nearly 700 points to sink below the 79,000 level on Tuesday, extending its losses for the second straight day due to selling pressure in HDFC Bank, SBI and ITC amid fresh foreign capital outflows. The 30-share BSE Sensex tumbled 692.89 points or 0.87 per cent to settle at 78,956.03. During the day, it tanked 759.54 points or 0.95 per cent to 78,889.38.
Bollywood doesn't need fire-breathing dragons when it has Bhai.
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
The junior doctors from six medical colleges across MP were protesting since last Monday for a hike in their stipend and free COVID-19 treatment for them and their family members.
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
Global trends, trading activity of foreign investors and movement of oil benchmark Brent crude would dictate terms in the domestic markets this week, analysts said. Equity markets, which fell nearly 3 per cent last week, may face volatile trends amid the monthly derivatives expiry on Thursday. "This week marks the September month Futures and Options (F&O) expiry, which is expected to bring about volatility in the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Trends in the global markets, trading activity of foreign investors and announcement of domestic macroeconomic data are the major factors that would drive investors' sentiment in a holiday-shortened week ahead, analysts said. Benchmark indices had a record-breaking rally in the past week driven by impressive GDP data. Equity markets would remain closed on Friday for Mahashivratri.
Macroeconomic data announcements, global factors and trading activity of foreign investors would be the key triggers for the domestic stock markets this week, analysts said. Last week, the benchmark indices joined the broader market's party despite a host of negative global cues. In the broader market, the BSE midcap and smallcap gauges hit their all-time highs on Friday.
The children, aged 10-16 years, were electrocuted from a high-tension power line passing overhead in the Sakatoura area under the Kunhari police station.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
Equity markets would take cues from domestic inflation data announcement, global trends and trading activity of foreign investors in a holiday-shortened week ahead, analysts said. Markets would remain closed on Tuesday for 'Diwali Balipratipada'. "As we enter a truncated week with Muhurat trading on Sunday, global cues will play a pivotal role in shaping the market direction.
The move of the Arvind Kejriwal-led party has further reduced the possibility of the INDIA bloc alliance working in the MP elections.
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.
The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields.
Inflation data, global trends and foreign fund trading activity would guide equity market movement in a holiday-shortened week, analysts said. Stock markets would remain closed on Tuesday for Independence Day. "Macroeconomic indicators, rupee and FII activities will be pivotal in shaping market trends in the coming days.
Trading in the equity market this week will be highly influenced by a host of important triggers, with quarterly earnings from IT majors TCS, Wipro, and domestic inflation and IIP data taking the centre stage in dictating the movement in equities, analysts said. Besides, global factors and trading activity of foreign investors will also drive markets. "We are approaching the first quarter earnings season, with HCL Tech, TCS and Wipro set to report their earnings this week.
Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said. Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday. "Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday.
A married Indian woman has travelled to Pakistan's northwestern Khyber Pakhtunkhwa province to meet her friend whom she befriended and fell in love with on Facebook, police said on Sunday.
With this, the ruling BJP has so far declared candidates for 136 seats. Earlier, the BJP had announced 79 candidates, including two lists of 39 each, and another list of one nominee.
The 34-year-old Indian woman was staying at her 29-year-old Pakistani friend Nasrullah's home in the Upper Dir district of Khyber Pakhtunkhwa. They became friends on Facebook in 2019.
Union Finance Minister Nirmala Sitharaman, former chief minister B S Yediyurappa, IT industry veteran N R Narayana Murthy along with wife Sudha Murty, and Mysuru royal family member 'Rajamate' Pramoda Devi Wadiyar, were among the early voters who cast their ballot in the Karnataka Assembly polls.
Joint Director Ramnish Geer, who led the probe in cases like housing scam allegedly involving the then Union minister Sheila Kaul, Naval war room leak case, kidnapping of an NRI businessman and his release besides other high profile anti-corruption cases, received the coveted President's Police Medal for Distinguished Service.
As a turf war continues between their political superiors in Delhi, the Aam Aadmi Party-nominated Anti Corruption Bureau chief SS Yadav has accused LG-appointee MK Meena of threatening and pressuring him and trying to hamper the functioning of the anti-graft body.
Delhi Chief Minister Arvind Kejriwal has sent a "secret note" to Union Home Minister Rajnath Singh, mentioning allegations against Lt Governor-appointed Anti-Corruption Branch chief M K Meena of involvement in hawala and curtain purchase scam.
the spy device was a recorder disguised as a pen, which was spotted by Meena himself.
In no mood to relent, Lt Governor Najeeb Jung on Tuesday rejected the AAP government's decision to transfer Home Secretary Dharam Pal after he signed a notification appointing Joint Commissioner of Delhi Police M K Meena as new Chief of Anti-Corruption Branch.
Sukanya Verma looks at the many ways fire enjoys a significant presence in our movies.
Stating that all aspects of the 400-crore water tanker scam of the Delhi Jal Board are being analysed, the ACB on Monday said that it would question all accused very soon.
Kejriwal was slated to address a public gathering during the 'Jijau Janmotsav Sohla' to be held at Sindkhed Raja in Buldhana district of Vidarbha.
Asked by reporters what happens if Dikshit fails to turn up before the ACB despite the notice, Meena said, "We can't predict anything in this regard. We are taking action as per law."
Rai claimed that the probe agency is 'totally clueless' to substantiate the graft charges in the scheme, even as opposition Bharatiya Janata Party and Congress termed his resignation a fallout of the ACB probe.
The new ministers include 20 of cabinet rank and eight ministers of state. The Chouhan ministry strength is now 34. Chouhan took oath as chief minister for a record fourth term on March 23, after Nath resigned from the post following rebellion by 22 MLAs of the Congress.