The RBI's policy decision would be the major event driving trading sentiment in the equity market this week, while global cues, foreign funds movement and crude oil prices will be the other key factors to watch out for, analysts said. Markets have been witnessing a rebound recently. However, the move lacks decisiveness amid lingering challenges like global policy tightening due to soaring inflation and geopolitical tensions, they added. "RBI policy, global macro numbers and crude oil prices will set the trend for this week.
The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday for Id-Ul-Fitr (Ramzan Id). "The market is likely to kick off this week on a sombre note after a sharp fall in the US market then the focus will shift to the outcome of the US FOMC meeting, which is crucial amid record inflation and growth worries.
Domestic macroeconomic data, RBI policy and developments related to the Russia-Ukraine war would be major driving factors for the stock market this week, analysts said. Moreover, FPI investment and trends in crude oil would also influence the trading sentiment, they added. "This week, the RBI credit policy will be a critical factor for Indian markets.
The Fed interest rate decision, domestic macroeconomic data announcements and quarterly earnings will be the major sentiment drivers for the equity market in a holiday-shortened week ahead, analysts said. Investors will also take cues from the monthly auto sales numbers to be announced on Monday. Equity markets will remain closed on Thursday for Diwali Laxmi Pujan and on Friday for Diwali Balipratipada.
Stock markets will be guided by global factors such as the Russia-Ukraine war, the COVID-19 situation in China and crude oil prices in absence of major domestic events this week, analysts said. Stock markets are expected to keep their winning momentum this week as FIIs may come back aggressively fuelling a further rally in the market, they added. "In absence of any major event, global cues viz the Russia-Ukraine war, the COVID situation in China and movement of crude will remain in focus. "Besides, participants will be also be eyeing FIIs flow for cues," said Ajit Mishra, VP Research, Religare Broking.
There are lessons for the Congress to learn from the Karnataka elections of how burying the hatchet among top leaders and not washing dirty linen in public can help, says Ramesh Menon.
Global trends, the last batch of Q2 earnings and domestic macroeconomic data will dictate terms in the equity market, which had an extended weekend last week, analysts said. "FIIs' behaviour along with inflation numbers from US and China will remain key factors for this week. After an extended weekend, Indian markets are likely to start a fresh week with a positive note on the global backdrop. "However, there is a risk of selling pressure at higher levels as we are underperforming the global peers where the near-term texture has changed to 'sell on rise' from 'buy on dip'," Santosh Meena, head (research) at Swastika Investmart Ltd, said.
'The central BJP leaders were determined to push Hindutva hard, and it failed.'
Domestic equities will be mainly driven by global market trends, foreign institutional investors' movement and developments around new Covid variant Omicron this week, according to analysts. Markets traded under pressure last week following weak global cues and overall investor sentiment remained downbeat throughout the week, they observed. "Global markets, Omicron variant, dollar index and FIIs' behaviour will be key factors to drive the market this week," said Santosh Meena, head of research, Swastika Investmart Ltd. One major event last week was US Federal Reserve's announcement that it will end bond-buying from March, and it also signalled starting rate hike cycle thereafter.
Satyajit Ray's fabulous use of fantasy to condemn fascism and Shah Rukh Khan's gift of enthralling oratory, Sukanya Verma's fantastic filmi week.
The BCCI announced that domestic cricketers affected by the COVID-curtailed 2020-21 season will be paid 50 per cent additional match fee as compensation for the disruption and also hiked their remuneration for the upcoming season.
The Board of Control for Cricket in India has started clearing the long-standing dues of the domestic cricketers, who suffered financially after the 2020-21 season was curtailed due to COVID-19 pandemic.
'Modi's power rests on the Hindu vote.' 'It is this vote bank that sees the Supreme Court verdict on Sabarimala as an intrusion into its religious practice and is frothing at the mouth.' 'History shows us the ill-fated consequences of a strong government buckling before street power,' cautions Saisuresh Sivaswamy.
Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to be announced, they added. "Volatility is likely to continue amid Omicron uncertainty, RBI credit policy, and macroeconomic numbers. "There are lots of news flows on the Omicron variant which are causing volatility in the market while on the domestic front we will have the outcome of an important monetary policy of RBI that is scheduled on December 8. "We will also have our IIP and inflation numbers this week however they will be released on Friday after market hours," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
It was soon after that call that Rahul Gandhi and Tejashwi Yadav spoke to each other.
Global markets trends, inflation, release of industrial output data and quarterly earnings will dictate movement of the equity benchmarks this week, analysts said, adding that volatility might continue amid slew of announcements of macroeconomic data at the global level too. Moreover, foreign fund movement, crude oil prices and trend in rupee would also act as major drivers for the equity market, they added. "The direction of global equity markets along with movement in dollar index and crude oil prices will continue to dominate while inflation numbers of the USA on May 11 and inflation and IIP numbers of India on May 12 will also cause volatility in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
Quarterly earnings and global cues will be the major sentiment driver for the equity market this week, according to analysts. Of late, Benchmark indices have been on a record-breaking run. "Quarterly results will dictate market sentiment and will be the talk of this week as they pick up the pace. "D-Street will be all ears to any management insights to forecast the future earnings trajectory.
Stock markets will focus on global trends for further direction in this holiday-shortened week as the earnings season is largely over, analysts said. Trade experts expect the key benchmark indices to move sideways as investors are trying to decode the impact of rising inflation on foreign portfolio investments. Inflation data released by the US and China last week have fanned fears of earlier than expected rate hike and boosted US bond yields.
Domestic equity markets are likely to see volatility in a range-bound trade this week amid geopolitical worries and growing expectations of a sharp hike in interest rates, analysts said. Global trends, inflation data and the last batch of quarterly earnings will drive the markets this week, they said. Besides, the rupee movement, FII investment pattern and Brent crude trends would also be watched by investors.
Many factors like women, caste combination, education qualification, age and performance of the legislators will be taken into consideration before the formation of the Yogi government 2.0, sources said on Thursday. Several rounds of meetings have taken place within the party after the poll results came out on March 10.
In terms of viewership, the IPL even outperformed some of the pay-per-view matches of the Premier League in Britain.
'We are seeing an era where only what Modi wishes is going to happen.' 'A clear message has now been sent to others that if this fate could befall on Nitin Gadkari, then just think what could happen to lesser mortals.'
'Bommai was a minister in my cabinet. It is not ethically correct.'
Economy has become a major cause of concern for the new government with GDP dropping to 5.8 per cent in the last quarter of the 2018-19.
Prime Minister Narendra Modi, BJP president Amit Shah and chief ministers of various BJP-ruled states attended the ceremony.
For the post of deputy chief minister, the names of Swatantra Dev Singh, Baby Rani Maurya, Brijesh Pathak and Keshav Prasad Maurya are in talks.
Bharatiya Janata Party nominee S Selvaganapathy was declared elected unopposed to the lone seat in Rajya Sabha from Puducherry, the first time the saffron party has got representation in the Upper House from the Union Territory, while Dravida Munnetra Kazhagam's two nominees, Kanimozhi N V N Somu and K R N Rajeshkumar, were elected without contest from Tamil Nadu.
'It is a ticking time bomb if the authorities don't come forward to help these hapless people.'
Three MLAs abstained, while 20 legislators, most of them from Congress and the NCP, including Congress's Ashok Chavan and Vijay Wadettiwar, both former ministers, were absent during the trust vote.
"The Independent MLAs, who are going to be a part of the Khattar government, are digging their own political grave. They are selling the trust of people. People of Haryana will never forgive those who do so. People will thrash them with shoes in the time to come," said Congress leader Deepender Singh Hooda.
According to trust sources, Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Rashtriya Swayamsevak Sangh chief Mohan Bhagwat , Maharashtra Chief Minister Udhav Thackeray and Bihar CM Nitish Kumar are also on the list of invitees.
The new Council of Ministers comprises of 25 Cabinet ministers, nine Ministers of State (Independent Charge) and 24 Ministers of State (MoSes).
Asoka still makes for irresistible viewing, raves Sukanya Verma, and tells us why.
R Rajagopalan reveals the BJP's master plan to get Modi re-elected.
Rajnath Singh, Nitin Gadkari, Nirmala Sitharaman, Piyush Goyal, Narendra Singh Tomar, Prakash Javadekar, Ravi Shankar Prasad, Dharmendra Pradhan and Smriti Irani are also likely to join the second Modi government after being its members in its first avatar.
A 14-member council of ministers, headed by Bihar Chief Minister Nitish Kumar, was on Monday sworn in by Governor Phagu Chauhan.
Former Karnataka Lokayukta Justice (retd) Santosh Hegde on Sunday opposed granting financial assistance to people affected by closure of mining in Goa and expressed doubts over the state government's willingness to implement recommendations of Justice M B Shah Commission.
The reshuffle had politics at its heart, so the biggest complement of new ministers, both Cabinet rank and below, came from UP, which will see assembly elections in a few months.
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