/financial-express-hindi/media/media_files/xVYZIYN5m7ahAvwFlXLU.jpg "Market Outlook: Global trends and activities of foreign investors will decide the direction of the market this week, experts’ opinion")
Market Outlook this week: Due to the settlement of monthly derivatives contracts, there may be volatility in the Indian stock markets this week. The direction of the stock markets during the week will be decided by the global trend and the activities of foreign investors. Analysts have expressed this opinion. Apart from this, the progress of monsoon and the price of Brent crude oil will also affect the sentiment of investors during the week. Globally, economic data like US GDP is to be released on June 27 this week. Last week, the BSE Sensex of 30 shares was in profit of 217.13 points or 0.28 percent. At the same time, the National Stock Exchange’s Nifty climbed 35.5 points or 0.15 percent.
What is the opinion of experts
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart, said that this week, sector-specific activities are expected amid budget-related discussions. All eyes will be on the progress of the monsoon. This may impact investor sentiment in the near term. He said that investors will keep a close eye on FII (foreign institutional investors) and DII (domestic institutional investors) fund flows as well as crude oil prices to assess the overall sentiment.
Religare Broking’s Senior Research Vice President Ajit Mishra said that investors will keep an eye on budget-related developments and global market indicators, especially signals from the US market. He said that there may be volatility in the market due to the settlement of June derivative contracts.
Motilal Oswal Financial Services’ Research Head Siddharth Khemka said that overall the market is likely to remain stable. Activity may also remain in areas related to the budget.
Kotak Securities Equity Research Head Srikant Chauhan said that market participants will keep an eye on the further progress of monsoon. He said that gradually the focus will be on the budget and the first quarter results of the current financial year of the companies.
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