Global trends, WPI inflation data for April and ongoing quarterly corporate earnings would be the main drivers for stock markets, analysts said.
Investors would also keep an eye on the movement of foreign institutional investors who have been selling in the domestic stock market for several days.
“Inflation and monetary tightening worries around the world are major concerns for equity markets. Equity markets are in a strong grip of the bears, but they look extremely oversold and should see a rebound. The selloff market, especially in tech stocks, has been very severe and there is some stability over the past couple of trading sessions that could give bulls some breathing room,” said Santosh Meena, head of research, Swastika Investmart Ltd.
Meena said there were no major indices for this week, so the direction of the global indices will be important, however, some stock-specific moves will continue amid the end of Q4 earnings.
“On the home front, the LIC IPO listing will be a key sentimental trigger for the Indian stock market. FIIs are selling relentlessly while DIIs are trying to offset their selling, so their behaviors will also play an important role in the direction of the The movement of the dollar index, crude oil prices and the direction of the rupee will be other important factors,” he added.
Investors would also pay attention to WPI inflation data for April due out on Tuesday, analysts said.
Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said: “Rising bond yields, high inflation levels and monetary policy tightening by global central banks will weigh on sentiment to short term, which could keep the markets volatile. continue due to the current earnings season.”
Bharti Airtel, DLF, IOC, ITC, IDFC, JK Tire & Industries and NTPC are among the companies to announce their financial results this week.
Last week, Sensex lost 2,041.96 points or 3.72%, while the Nifty plunged 629.10 points or 3.83%.
Ongoing worries about a weakening rupee, rising global interest rates, high inflation figures and lockdowns in China kept markets on edge last week, said Vinod Nair, head of the research at Geojit Financial Services.
Going forward, the main determinant of market direction would be the pace at which inflation falls in response to the Fed’s actions, he added.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos