- What will be the turn of the stock market next week?
- Keep a close eye on 'these' elements
- What happened last week?
Share Market Outlook: After 7 consecutive weeks of decline, the direction of the Indian stock market from 28th September to 1st October is all the attention of the investors. When the stock market is currently going through ups and downs, what are the factors that can determine the direction of the market is an important question. If you have this question too, let's find the answer. (Share Market Outlook)
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In the coming week, which saw less trading in the local stock market, investors will be keeping a close eye on geopolitical developments, crude oil prices, global bond yields and key economic data. According to market experts, diplomatic talks between the US and Iran and crude oil prices will play an important role in determining the direction of global markets.
Gandhi Jayanti
The stock market will remain closed on Friday, October 2. Ajit Mishra, Senior Vice President, Religare Broking said, “Progress in US-Iran talks and any plan to reopen the Strait of Hormuz could lead to lower energy prices. This could also reduce pressure on India's import bill and the rupee. Meanwhile, rising geopolitical tensions could add to market volatility.”
This data will be important
At the domestic level, August industrial production data and HSBC manufacturing PMI will be important for the market. Investors will also be keeping an eye on Foreign Institutional Investor (FII) movements and monthly vehicle sales figures.
CEO of online trading company 'Enrich Money' Ponmudi R. That said, global bond yields will also be key after the US Federal Reserve's policy decision in September. Rising yields and the dollar could affect capital flows to emerging markets. Meanwhile, lower yields may provide some relief to the market.
The movement of the rupee will also be important
Ponmudi said that the movement of the rupee will also be important. Demand for dollars to buy crude oil and continued selling by foreign investors could put pressure on the rupee. Additional volatility is likely to be contained by the Reserve Bank of India's intervention. According to Hariselvan Radhakrishnan, founder and CEO of HST Wealth, Brent crude oil prices hovering around $105-106 per barrel are not yet comforting for the Indian economy. Progress in the US-Iran talks could reduce geopolitical risks to oil prices, while rising tensions or supply disruptions could add to inflationary pressures.
What happened last week?
Siddharth Khemka, head of research at Motilal Oswal Financial Services, said the market will be closely watching industrial production and fiscal deficit data for the month of August. Globally, US consumer confidence, JOLTS employment data and Eurozone inflation data for September could also influence market sentiment on interest rates.
Last week, the BSE Sensex closed down 399.22 points, or 0.53 percent, while the NSE Nifty fell 205.9 points, or 0.88 percent.
(Disclaimer : Investing in share market is subject to market risk, so please consult a certified investment advisor before investing.)
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