Events related to Russia-Ukraine war, macroeconomic data will decide the direction of stock markets

Shrikant Chauhan said that all eyes will be on the developments related to Russia-Ukraine dispute. Apart from this, market participants will also keep an eye on energy prices.

War between Russia and Ukraine

Russo-Ukraine War (Russia-Ukraine War) Events related to this week stock exchanges (Share Market) will determine the direction of Markets around the world fell sharply after Russia launched a military operation against Ukraine last week. Analysts believe that apart from developments related to Russia-Ukraine dispute this week, important macroeconomic data will decide the direction of the market. Analysts said that this week the GDP (GDP) Estimates and PMI figures for the manufacturing and services sector are to come. Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said, “With the quarterly results season behind, the market will take direction from global markets in the coming week.”

All eyes will be on developments related to Russia-Ukraine dispute

Shrikant Chauhan said that all eyes will be on the developments related to Russia-Ukraine dispute. Apart from this, market participants will also keep an eye on energy prices. Sensex and Nifty registered gains of around 2.5 per cent on Friday after Thursday’s heavy fall. Thursday was the worst day for the market in the last two years.

On Friday, the BSE 30-share Sensex rose 1,328.61 points or 2.44 per cent to 55,858.52 points. Similarly, the Nifty of the National Stock Exchange ended with a gain of 410.45 points or 2.53 per cent at 16,658.40 points. On a weekly basis, the Sensex has lost 1,974 points or 3.41 per cent. On the other hand, Nifty has lost 618 points or 3.57 percent.

Huge fluctuations can be seen in the markets

Analysts believe that the market will see huge volatility during the next few days. Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, “The market will be watching the Russia-Ukraine dispute.” He added that traders will have to be cautious of heavy volatility. On the other hand, investors can take advantage of the recent fall and add shares of large companies to their portfolio.

All eyes will also be on the shares of auto companies during the week. The February sales figures of auto companies will come on March 1. Market participants will be waiting for big figures on the domestic front. The National Statistical Office (NSO) will release the GDP estimates for the third quarter of 2021-22 on February 28.

Along with imposing strict sanctions on Russia, many countries are giving arms to Ukraine

On the global front, Russia continues to attack Ukraine’s airspace and fuel facilities. The US and the European Union have provided weapons to Ukraine with some strong sanctions on Russia.

Deepak Jasani, Head of Retail Research, HDFC Securities said, “While Russia-Ukraine developments will affect the market direction, at a time when the world is on a revival path after the Omicron threat, due to supply constraints and buoyancy in commodity prices. Economies will be affected.

With PTI inputs

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