These factors to determine market direction this week; here are details
Sentiment in the stock market this week will be driven by a host of key triggers, including macroeconomic data, June quarter earnings and global trade relations, say experts
Sentiment in the stock market this week will be driven by a host of key triggers, including macroeconomic data, June quarter earnings and global trade relations, say experts. "Focus will be on inflation number, IIP data and monsoon. Globally, the focus will be on trade issues," said Sanjeev Zarbade, Vice President Research, Kotak Securities. IT majors TCS and Infosys are scheduled to kick-start the earnings season with announcement of their June quarter results next week.
Market experts said developments on the trade front will also be monitored closely. "We believe the trade-wars are a developing story and will take some time before we hear the final word," said VK Sharma, Head Private Client Group and Capital Market Strategy, HDFC Securities. "CPI inflation and IIP data will be keenly watched," said Vinod Nair, Head of Research, Geojit Financial Services.
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Over the last week, the Sensex rose by 234.38 points, or 0.66 per cent to settle at 35,657.86. "Fundamentally, lot of events are lined up with critical importance and eyes will be on inflation data and IIP numbers," said Mustafa Nadeem, CEO, Epic Research.