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

These factors to determine market direction this week; here are details
Market experts said developments on the trade front will also be monitored closely. Image source: PTI
Written By: PTI
Updated: Sun, Jul 08, 2018
10:39 am
PTI
RELATED NEWS
Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125 Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125
Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day
Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000 Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000
Stocks in Focus on March 2: BPCL, Auto Stocks, IGL, NMDC to Coal India; here are the 5 Newsmakers of the Day Stocks in Focus on March 2: BPCL, Auto Stocks, IGL, NMDC to Coal India; here are the 5 Newsmakers of the Day

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.

Watch this Zee Business video here:

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.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.