Categories: Business

covid 19, economic data to steer market this week

Photo: GOOGLE

Stock market next week

new Delhi. The domestic stock market will continue to be affected by Corona's havoc this week, as cases of virus infection in the country continue to increase after the lockdown opens. At the same time, the poor figures of industrial production of the country released last week and the major economic data to be released further, may have an impact on the stock market. Apart from this, foreign factors will also affect the movement of the stock market. The total cases of corona virus infection in the country has increased to more than three lakhs and more than 9000 people have died in this epidemic. With the outbreak of Corona infection, there is a possibility of economic activities to resume.

On the other hand, the figures for the country's industrial production released by the National Statistical Office i.e. NSO at the end of the last business week in the month of April have been poor. According to NSO data, industrial production fell by 55.5 per cent in April. Apparently due to the lockdown, all the factories besides the production units of essential commodities were closed. At the same time, food inflation in the last month of May was 9.69 percent. In the beginning of this week, the inflation rate for the month of May will be released on Monday itself.

The Indian stock market, however, will get directions from the international crude oil price, rupee move against the US dollar and signals from foreign markets and the market will look at the trends towards investment by foreign portfolio investors as well as domestic institutional investors. Will be.

During the business week, some leading companies will release their financial results for the last quarter of the last financial year, with Tata Motors financial results on Monday, while Hindustan Petroleum Corporation on Tuesday.

On the other hand, the industrial production data for the month of May in China will be released on Monday, while the industrial production data for May of the US will be released on Tuesday. Apart from this, the impact of major economic data released in many countries can be seen on the stock market this week.

This post was published on June 14, 2020 8:41 pm

Content Team

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