Categories: Business

Covid 19, geopolitical development to steer market next week

Photo: GOOGLE

Market Next Week

new Delhi. Geopolitical developments and the trend of the Kovid-19 epidemic will decide the direction of the stock markets this week. Market watchers said that this week there is no major development in terms of stock markets. Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Ltd, said that the market momentum will continue in the near future due to improvement in sentiments and better flow of funds. "The global trend and geopolitical developments will determine the direction of the market," he said.

Experts say that apart from share-based activities, the trend of global markets and foreign funds will determine the market. He said that apart from this, fluctuations in the rupee and crude oil prices will affect the market. "There are no major developments this week," said Jameet Modi, founder and CEO (CEO), Samco Securities and Stocknote. Markets all over the world are trying to assess how the easing of the lockdown improves the economic demand situation. ”He said that there has been a response so far and it is not easy to predict that economies How fast will the situation improve.

Last week, the 30-share BSE Sensex gained 950.85 points or 2.81 percent. According to the Health Ministry data, a record 15,413 cases of Covid-19 infection were reported in the country on Sunday. Now its cases have crossed 4,00,000. So far 13,254 people have died due to this epidemic in the country.

This post was published on June 21, 2020 8:39 pm

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