Categories: Business

US China tension, corona and q4 result to steer stock market this week


Stock market next week

new Delhi. In the coming trading week on the Indian stock market, there will be a shadow of a furore and corona outbreak between the US and China. However, the domestic market may remain volatile due to the financial results of the last financial year of major companies and expiry of futures and options contracts.

The dispute between the US and China has now taken a new turn. The US and China are already in a confrontational mood on the issue of trade, with doubts over China's intention to produce coronaviruses, and now in a confrontation with China's new law that violates the rights of Hong Kong citizens A new chapter has been added. The market will keep an eye on the developments taking place in this direction during the week.

At the same time, cases of coronavirus infection are increasing continuously in the country and the world, which is affecting the world economy. Therefore, in the coming week, investors will be watching the developments and reports related to the case of virus infection and the effects of Corona on the global economy.

This week the F&O contracts for the month of May will expire on May 28, after which traders will make their positions in the next month's contracts. Therefore, there may be a phase of fluctuations in the domestic stock market.
Along with this, during the week many companies of the country will declare their financial results for the last quarter of the last financial year, which will result in trading based on selected stocks and results on the sector. At the same time, the domestic and global key economic data will also have an impact on the market.

Trading on the domestic stock market will be closed due to Eid holiday on Monday on the first day of the week. However, HDFC's fourth quarter results of the last financial year will be released on Monday itself. At the same time, financial results of Sun Pharmaceuticals Industries are likely to be released on Wednesday. This will be followed by Lupine's financial results on Thursday, while the country's infrastructure sector output data will be released on Friday, which will be monitored by the market.

On the other hand, industrial production data will be released on the same day in Japan, while the consumer confidence figures of Euro Asia will be released on Thursday.
The price of crude oil and the movement of the rupee against the dollar will also play an important role in deciding the pace of the domestic stock market. Apart from this, 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 24, 2020 2:10 pm

Content Team

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