Global trends, macroeconomic data will decide the stock market position this week, know what experts say

In the coming week of low trading sessions stock exchanges The direction will be determined by the volatility of the global markets, macroeconomic data and the trend of foreign funds. Analysts have expressed this opinion. Markets may see volatility on Monday after Federal Reserve Chairman Jerome Powell’s address in Jackson Hole on Friday. VK Vijay Kumar, Chief Investment Strategist, Geojit Financial Services, said that Powell in his succinct address has indicated an overly tough stance. The market is worried about the possibility of keeping the monetary stance tighter than expected.

The statement of the chairman of the Federal Reserve will also affect

Powell has said that the Federal Reserve will increase interest rates further in the coming months. The focus of the US central bank is on controlling inflation, which has reached the highest level in four decades.

Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said Poval’s statement at the Jackson Hole symposium indicates that the US central bank’s focus is more on containing inflation than on growth. He said that the US markets have fallen by more than three percent. The reaction of the Indian markets on Monday can also be negative.

On Friday, Wall Street closed with a big fall. Meanwhile, on Wednesday, there will be a holiday in the markets on Ganesh Chaturthi.

GDP and auto sales figures will also be important

Santosh Meena, Head of Research, Swastika Investmart said that this week the effect of the trend of global markets will be seen on the domestic front. Apart from this, India’s gross domestic product (GDP) and vehicle sales figures will also be important. Along with this, the direction of the market will also depend on crude oil prices, dollar index and bond yields in the US. Analysts said that the Purchase Managers’ Index (PMI) data is to come on Thursday. This will also affect the market sentiment.

Ajit Mishra, Vice President Research, Religare Broking Limited said that this week will be less trading sessions. He said that since this week is the beginning of a new month, the eyes of the partners will also be on the vehicle sales figures. All eyes will be on the performance of global markets, especially the US market. Apart from this, the trend of foreign institutional investors, rupee-dollar volatility will also affect the market sentiment, analysts said.

Last week, the 30-share Sensex of BSE has been in a loss of 812.28 points or 1.36 per cent. At the same time, the Nifty of the National Stock Exchange has fallen by 199.55 points or 1.12 percent.

(with language input)