new Delhi. The quarterly results of the companies and developments related to the US-China relationship will determine the direction of the stock markets this week. At the same time, investors will also be eyeing the progress of monsoon, the key economic data released during the week and the progress being made towards vaccines for the prevention of coronavirus infection.
This week, the expiry of the futures and options contracts of the July series is going to expire on July 30, after which traders will make their positions in the next month's contract. Due to this, market fluctuations can also be seen. The financial results of the first quarter of the current financial year of some big companies of the country will be released this week, including Reliance Industries, Bharti Airtel, Maruti Suzuki India, Indian Oil Corporation, State Bank of India (SBI). At the same time, the country's infrastructure output data will also come at the end of the week. In addition, on Wednesday, the Federal Reserve will decide on the interest rates, which will also be monitored by foreign investors.
Vinod Nair, head of research at Geojit Financial Services, said, "The record cases of infection in India have led to a lot of uneasiness in investors. Global markets have also been affected by the US-China tension. Any further developments on this front will have an impact on the market, ”said Sumit Bagadia, executive director of Choice Broking. There will be developments related to. ”Analysts said apart from fluctuations in crude oil prices and the rupee against the dollar, the market sentiment will also be affected. Motilal Oswal Financial Services Ltd. Siddharth Khemka, Head of Retail Research, said, "The market will continue to fluctuate right now due to continued increase in US-China stress and virus infection cases."
Investors took a cautious stance last week as US-China relations worsened and uncertainty arose over recovery in several countries due to the continuing trend in cases of Kovid-19 infection. At the same time, there is a continuous surge in new cases of corona virus in India. However, in the midst of all this, the Indian stock market is continuing its boom for the past six weeks.
This post was published on July 26, 2020 6:31 pm
Photo: PTI (FILE) Nitin gadkari new Delhi. Union Minister Nitin Gadkari said on Friday that India could become a major…