4 December 2022

New Delhi : Equity market will be guided by global trends , macroeconomic data announcement and foreign fund movement in a holiday – shortened week ahead , analysts said .

Movement of the rupee and Brent crude oil will also remain in focus this week , they added .

” The bulls need some sup port from global markets to continue Friday’s momentum . The geopolitical situation , macro numbers from the USA , direction of the US dollar index , and bond yields will be key factors to watch out for at the global level , ” Santosh Meena , head of re search , Swastika Investmart Ltd , said .

Markets This Week : Analysts
Markets This Week : Analysts

Bouncing back after seven straight sessions of decline , the 30 – share BSE benchmark jump ed 1,017 points or 1.8 % to settle at 57,426.9 on Friday . The broader NSE Nifty climbed 276 points or 1.6 % to end at 17,094 .

” Institutional flows will play a critical role in the direction of the market . We will have a truncated week as markets will re main shut on Wednesday on ac count of Dussehra , ” Meena said . PMI ( Purchasing Managers ‘ Index ) data for the manufacturing sector is scheduled to be announced on Monday , while the services sector data will be out on Thursday .

” This week is a holiday shortened one and marks the be ginning of the new month also so important data like auto sales , S & P manufacturing PMI and S & P services PMI will be in focus . Besides , performance of the global markets , FIIs trend , and movement in currency and crude will also remain on participants ‘ radar , ” said Ajit Mishra , VP – research , Religare Broking Ltd.

Home Facebook Tour Graphic Design Grocery Karnataka Rishikesh Dandeli Fashion

Leave a Reply

Your email address will not be published. Required fields are marked *