Stock Market Update: If you have also invested money in the stock market, then you must first know how the market is going to be next week… Will the domestic market continue to rise in the coming week or will the selling phase again dominate? could.
Decision will come on policy rates
Let us tell you that the direction of the stock markets will be decided this week by the macroeconomic data, quarterly results of companies, the decision of the Reserve Bank on policy interest rates and the stance of foreign funds. Market experts have expressed this opinion. Experts say that global market trends, rupee volatility and crude oil prices will also affect the market sentiment.
Will also keep an eye on PMI figures
Ajit Mishra, Vice President – Research, Religare Broking has said that this week will start with monthly vehicle sales figures. Apart from this, the market will also keep an eye on the PMI data. The results of the meeting of the Monetary Policy Committee of the Reserve Bank of India will be announced on August 5.
Results of many companies including ITC will come
Mishra said that some big companies like ITC, Mahindra & Mahindra, Dabur, Titan and InterGlobe Aviation will have their quarterly results during the week.
FIIs activities will also have an impact
Apoorva Seth, Head of Market Outlook at Samco Securities said that the biggest news on the domestic front this week will be the review meeting of the Monetary Policy Committee of the Reserve Bank. He has said that all eyes will be on whether the MPC takes an aggressive approach like the central banks of the West or makes its own way. The movements of foreign portfolio investors will also decide the direction of the market.
Vehicle sales figures will also give direction
Santosh Meena, Head of Research, Swastika Investmart said that this week the market participants will keep an eye on domestic developments. The most important development is the monetary review meeting of the Reserve Bank. Apart from this, the monthly figures of vehicle sales and quarterly results of companies will also decide the direction of the market. Last week, the 30-share Sensex of BSE was up by 1,498.02 points or 2.67 per cent.