Market Outlook: The condition of the stock market will be decided by the results of companies and RBI’s decision on interest rates, know what experts say

The direction of the stock markets will be decided this week by macroeconomic data, quarterly results of companies, the decision of the Reserve Bank on policy interest rates and the stance of foreign funds. Analysts have expressed this opinion.

The direction of the stock markets will be decided this week by the decision of the Reserve Bank and the attitude of foreign funds.

The direction of the stock markets this week macro economic data, quarterly results of companies, policy interest rates But will be decided by the decision of the Reserve Bank and the attitude of foreign funds. Analysts have expressed this opinion. Analysts say that the trend of global markets, rupee volatility and crude oil prices will also affect the market sentiment. Ajit Mishra, Vice President – Research, Religare Broking said that this week will begin with monthly vehicle sales figures.

Will also keep an eye on PMI figures

Apart from this, the eyes of the market participants will also be on the PMI figures. The results of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India will be announced on August 5.

The Purchase Managers’ Index (PMI) data for the manufacturing and services sectors are due this week. Mishra said that some big companies like ITC, Mahindra & Mahindra, Dabur, Titan and InterGlobe Aviation will have their quarterly results during the week.

Apoorva Seth, Head of Market Outlook at Samco Securities said that the biggest news on the domestic front this week will be the review meeting of the Monetary Policy Committee (MPC) of the Reserve Bank. He said all eyes will be on whether the MPC takes an aggressive approach like the central banks of the West or goes its own way. The movements of foreign portfolio investors will also decide the direction of the market.

Auto sales figures will also affect

Santosh Meena, Head of Research, Swastika Investmart said that this week market participants will be watching domestic developments. The most important development is the monetary review meeting of the Reserve Bank. Apart from this, the monthly figures of vehicle sales and quarterly results of companies will also decide the direction of the market. Last week, BSE’s 30-share Sensex has gained 1,498.02 points or 2.67 per cent.

Kotak Mahindra Life Insurance Company’s Senior Executive Vice President and Head of Equity Hemant Kanawala said that on the domestic front, the progress of monsoon has kept the growth factors intact. He further said that with the advance of monsoon and pick-up in sowing, the inflation risk will come down. On the domestic front, investors are awaiting the outcome of the MPC meeting, said Vinod Nair, Head of Research, Geojit Financial Services.

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