Markets to take cues from world traits, FII buying and selling exercise: Analysts | Information on Markets

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Markets to take cues from world traits, FII buying and selling exercise: Analysts | Information on Markets

Final week, the BSE benchmark jumped 730.93 factors or 0.91 per cent, the Nifty climbed 173.65 factors or 0.71 per cent | Picture: Bloomberg

2 min learn Final Up to date : Aug 18 2024 | 10:17 AM IST


With the earnings season drawing to a detailed, inventory markets will take cues from world traits and international buyers’ buying and selling exercise this week, analysts mentioned.


The US FOMC (Federal Open Market Committee) minutes would be the main spotlight this week, specialists mentioned.


“This week, there are fewer cues on the macro and micro fronts, because the Q1 earnings season has concluded. Nonetheless, necessary world financial information, similar to Japan’s inflation numbers and the minutes from the US FOMC assembly, might be carefully watched. The unsure geopolitical scenario stays the first near-term threat for the market,” mentioned Santosh Meena, Head of Analysis, Swastika Investmart Ltd.


Merchants may also carefully monitor institutional flows and crude oil worth motion, he added.


Easing fears of a recession within the US triggered a world market rally on Friday.


“Optimistic US financial information like cooling inflation and strong retail gross sales numbers shrugged off recession fears whereas talks of a price minimize by the US Fed as early as subsequent month fuelled a mega rally throughout world equities, together with India,” Prashanth Tapse, Senior VP (Analysis), Mehta Equities Ltd, mentioned.


The 30-share BSE benchmark jumped 1,330.96 factors or 1.68 per cent to settle at 80,436.84 on Friday, marking its finest single-day achieve in additional than two months. The NSE Nifty surged 397.40 factors or 1.65 per cent to shut at a two-week excessive of 24,541.15.


“The outlook for the market might be guided by the FOMC assembly minutes, US current dwelling gross sales and new dwelling gross sales information,” Palka Arora Chopra, Director, Grasp Capital Companies Ltd, mentioned.


Final week, the BSE benchmark jumped 730.93 factors or 0.91 per cent, the Nifty climbed 173.65 factors or 0.71 per cent.


Siddhartha Khemka, Head – Retail Analysis, Motilal Oswal Monetary Companies Ltd, mentioned, all eyes this week might be on US Fed assembly minutes.


“Total we count on the market to consolidate in a broader vary and take cues from world components,” Khemka added.

(Solely the headline and film of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

First Printed: Aug 18 2024 | 10:17 AM IST