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5 factors to look for

Gyanendra Kumar KeshriMumbai (Maharashtra) [India]May 22 (ANI): India’s major stock market index, which lost for the fifth straight week, rose about 3% in the week ending May 20.

There was extreme volatility on Daral Street during the week. The key indices Sensex and Nifty started the week with positive moves and rose about 3% in the first two days. However, Thursday’s benchmark index fell by more than 2.5%.

The Bulls returned to Daral Street on Friday, the last trading session of the week. The index was more than covering the losses that occurred the day before. Senssex and Nifty surged about 3 percent on Friday.

Small business meetings were sharper. The BSE Small Cap Index surged about 4% in a week, outpacing the Mid Cap Index’s rise of about 3%. Metals led profits in the sectoral index. The BSE Metal Index soared 7.3 percent during the week. The Capital Goods Index rose 5.3%.

Volatility is expected to continue in the weekly market starting May 23. There are several factors that can keep traders busy during the week.

The Foreign Institutional Benchmark Index rose about 3 percent during the week. It was purely led by individual and domestic institutional investors. Foreign institutional investors (FII) were the net sellers of the week. Foreign institutional investors sold shares worth Rs 11,401 in the week ending May 20. Since the beginning of the month, FII has offloaded about 44,102 rupees worth of shares.

Domestic institutional investors have purchased shares worth Rs 36,208.27 since the beginning of May. In the week ending May 20, domestic institutional investors bought shares worth Rs 9,472.91.

Revenues Several large companies will announce their financial results later this week. Companies planning to announce the results for the fourth quarter are Mahindra Mahindra, NHPC, Oil and Natural Gas Corporation (ONGC), Bank of India, Coal India, Adani Ports and SEZ, Grasim Industries, Bank of India, GAIL (India) Ltd. , Fortis. Healthcare, Jindal SteelPower, Godrej Industries, India Cements.

This will be the last leg of the January-March 2022 earnings session. More than 1,200 companies will announce quarterly financial results for the January-March quarter of the week. Revenue data has a significant impact on market trends for the week.

Russia-Ukraine Conflict The ongoing Russia-Ukraine conflict has created volatility in the global stock market. Investors around the world are on the lookout for conflict. It brought about a major setback in the global economy, which had already been rattled by the COVID-19 pandemic. The development of the conflict between Russia and Ukraine will have a significant impact not only on the global stock market, but also on other markets around the world.

Global market investors are closely tracking global equity trends. Weekly volatility was primarily due to global equity trends.

Major global indices such as the Dow Jones Industrial Average, Nasdaq 100 Futures and SP 500 Futures witnessed volatility this week. This weakened the sentiment of Indian stocks in the middle of the week. However, despite the weakness of global stocks, the bull dominated Daral Street on Friday.

US macroeconomic data and the Federal Reserve’s actions on policy rates and liquidity management are closely tracked by investors.

Indian Rupee The rupee has fallen to a new record low of 77.92 against the US dollar this week. The rupee on Thursday hit a record low in the collapse of the stock market.

The movement of the currency market is carefully monitored. Investors also monitor the exchange rate of the US dollar against major world currencies such as the Chinese yuan, Japanese yen, British pound sterling and European Union euro. (ANI)

5 factors to look for

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