Market Outlook for this Week: Experts say that the Federal Open Market Committee (FOMC) meeting, Russia-Ukraine conflict will be important global factors for the market this week.
Market Outlook for this Week: Russo-Ukraine war, US central bank decision on interest rate and domestic inflation data will decide the direction of stock markets this week. Analysts believe that the trend of volatility in the market will continue for now. Santosh Meena, Research Head, Swastika Investmart said, “FOMC meeting, Russia-Ukraine conflict will be important global factors for the market this week. There is still uncertainty about Russia-Ukraine tensions. The results of the Federal Open Market Committee (FOMC) meeting will be out on March 16.
Meena said that amid all this, crude oil prices and the attitude of foreign investors will also be important from the point of view of Indian markets. Inflation figures will come on March 14. Markets will remain closed on Friday, March 18, on the occasion of Holi. Last week, the 30-share BSE Sensex rose 1,216.49 points or 2.23 per cent. On the other hand, the Nifty of the National Stock Exchange was in a gain of 385.10 points or 2.37 percent.
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Experts opinion about the market
- Ajit Mishra, VP Research, Religare Broking said, “It will be a week with fewer trading sessions. Market participants will react on the Industrial Production (IIP) data on Monday. Similarly, inflation data based on Consumer Price Index and Wholesale Price Index are also to come. The results of the US central bank meeting will be out on March 16. All eyes will be on them.
- Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said, “The results of the assembly elections are out and now the market will react to other important factors in the near future. Now the market will keep an eye on Russia-Ukraine geo-political tension, rise in crude oil prices, Reserve Bank’s reaction to inflationary pressure on the economy, etc. The volatility in the market will continue till these become favourable.
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These factors can also affect the market
The volatility of the rupee, crude oil prices and the attitude of foreign institutional investors will also affect the direction of the market. Yesha Shah, Head of Equity Research, Samco Securities, said, “The Russia-Ukraine war and the US central bank meeting will be crucial for the market this week. Domestic inflation data will also be important for the direction of the market.
(Input-PTI)
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