Desk
Share
Share Market Weekly Outlook: This week the direction of the Indian stock market will be decided by global and domestic factors. Major global developments include the decision on interest rates by the US central bank Federal Reserve. According to analysts, the Federal Open Market Committee (FOMC) will meet on September 18, where interest rates are expected to be cut. The consensus in the market is to cut interest rates by 0.25 percent, although some experts are also expecting a cut of half a percent. This may weaken the price of the dollar and increase the flow of foreign investors into the Indian stock markets.
Japan's inflation data and Bank of Japan policy
Japan's inflation data is also expected to be released this week, after which the Bank of Japan (BOJ) will announce its monetary policy. These figures can influence the trend of global markets and can also impact the Indian markets.
Indian Stock Market Performance
Last week was quite positive for the Indian stock market. On Thursday, both Nifty and Sensex reached their all-time high. The BSE's 30-share Sensex crossed the 83,000 mark for the first time. The Sensex gained 1,707.01 points (2.10 percent), while the Nifty rose 504.35 points (2.02 percent).
Key figures and investment flows
Upcoming data for the Indian market includes wholesale inflation, US industrial production, and unemployment claims data. The flow of foreign institutional investors (FIIs), geopolitical developments, and crude oil prices will also be important for the Indian stock market.
Analysts' opinion
Santosh Meena, Head of Research, Swastika Investment Ltd. has termed this week as the most important event of the year. Palka Arora Chopra, Director, Master Capital Services Ltd. has advised to keep an eye on domestic and global economic data. VK Vijaykumar of Geojit Financial Services has emphasized on FII buying and the strength of the Indian market.
Thus, the direction of the Indian stock market this week will depend on several global and domestic developments, and investors will have to keep a close eye on them.
