new Delhi. The Indian stock market's move this week will be dictated by the monsoon trend, easing of the nationwide lockdown, tensions between the US and China, key economic data, among many other factors. Also, the concern arising out of a growing case of coronavirus infection will remain on the market. The central government has decided to extend the lockdown deadline for the fifth time from Monday, but it has been relaxed earlier.
According to the new order of the Ministry of Home Affairs, the lockdown in the Containment Zone across the country will continue till June 30, while there will be no restriction on the movement of people and goods within the state and from one state to another. The government has decided to relax the lockdown in three phases, in which the hotels, shopping malls etc. will also be allowed to open in the next phase from June 8.
On the other hand, according to private weather forecasting agency Skyrimet, the monsoon has knocked off the Kerala coast two days earlier this time. Although the Indian Meteorological Department IMD has denied this, but according to IMD, the monsoon will be knocked in early this week. The monsoon drives the rural economy of the country, so the market and the industry are all focused on it.
In the midst of all this, the rising tensions between the US and China will have an impact on the global markets, due to which the signals are expected to have an impact on the movement of the domestic stock market. Will be released, which will be monitored by the market. At the same time, auto companies will also release their sales figures for the month of May. Financial results for the last quarter of the last financial year will also be released by Aurobindo Pharma and Bharat Petroleum Corporation, which will be looked at by investors.
Crude oil price in international market and rupee move against dollar will also play an important role in deciding the pace of domestic stock market. In addition, the interest of foreign portfolio investors and domestic institutional investors towards investment will also be watched by the market.
This post was published on May 31, 2020 4:25 pm
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