Mumbai . Indian stock markets came into recovery mode last week after several weeks. Sensex Nifty closed with gains. In this context, the coming week is going to be very important. Markets will remain closed on Friday, March 18, on the occasion of Holi, so this week there will be business for only four days. Analysts believe that the Russo-Ukraine war, the decision of the US central bank on interest rates and inflation data on the domestic front will decide the direction of the stock markets this week.
Analysts say that the trend of volatility in the market will continue for now. Santosh Meena, Head of Research, Swastika Investmart told PTI that the FOMC (Federal Open Market Committee) meeting, Russia-Ukraine conflict will be a significant global factor for the market this week. There is still uncertainty about Russia-Ukraine tensions.
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Inflation data will come on March 14
The results of the Federal Open Market Committee (FOMC) meeting will be out on March 16. Meena said that amid all this, crude oil prices and the attitude of foreign investors will also be important from the point of view of Indian markets. Inflation data will come on March 14.
week with fewer trading sessions
Ajit Mishra, Vice President Research, Religare Broking said that it will be a week with less trading sessions. Market participants will react on industrial production (IIP) data on Monday. Similarly, inflation data based on Consumer Price Index and Wholesale Price Index are also to come. The results of the US central bank meeting will be out on March 16. All eyes will be on them.
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Last week, the 30-share Sensex of the Mumbai Stock Exchange (BSE) rose 1,216.49 points or 2.23 percent. At the same time, the Nifty of the National Stock Exchange (NSE) was in a gain of 385.10 points or 2.37 percent.
Market volatility will continue
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said that the results of the assembly elections are out and now the market will react to other important factors in the near future. The market will now keep an eye on Russia-Ukraine geopolitical tensions, rise in crude oil prices, Reserve Bank’s reaction to inflationary pressure on the economy, etc. The volatility in the market will continue till these become favourable.
He said that the volatility of the rupee, crude oil prices and foreign institutional investors will also affect the direction of the market. Yesha Shah, head of equity research at Samco Securities, said the Russia-Ukraine war and the US central bank meeting are important developments for the market this week. Inflation data on the domestic front will also be important for the direction of the market.
Tags: BSE Sensex, Nifty50, Share market, Stock Markets, Stock tips, Stocks
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