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News India Live, Digital Desk: Analysts say this week Stock market The move will be determined by the declarations of comprehensive economic data, global trends and business activities of foreign investors. Investors struggling with global uncertainties remained slow in the stock markets last week.
Railigare Broking Limited Senior Vice President (Research) Ajit Mishra said, “The combination of global and domestic factors is responsible for the market’s sluggish performance. On the global front, concerns about the growing American bond yield and America’s growing debt burden increased the evacuation in foreign portfolio, which increased pressure on emerging markets including India.”
In the coming week, the data of India’s industrial and manufacturing production data to be released on May 28, as well as the growth of the first quarter GDP (GDP) will provide information about the direction of economic reform.
He said that the progress of monsoon will also be closely monitored.
Mishra said that on the global front, the release of the US bond market developments, the release of the report of the FOMC (Federal Open Market Committee) and the progress in the Indo-US trade talks will continue to affect the market perception.
Mishra said, “Apart from this, the last phase of the fourth quarter income session will also be the center of attention with the results of major companies like Bajaj Auto, Aurobindo Pharma and IRCTC,” Mishra said.
Last week, the BSE benchmark fell by 609.51 points or 0.74 percent and the NSE Nifty fell by 166.65 points or 0.66 percent.
Motilal Oswal Financial Services Limited’s Research Head, Wealth Management, Siddharth Khemka said, “Looking forward, the markets are expected to strengthen, which is expected to participate in broad market segments as there is a possibility of participation from broad market segments as Macro and income compatibility will continue to provide support. Investors will also closely monitor the major data release, including both India and America.
The Reserve Bank of India on Friday announced a dividend of Rs 2.69 lakh crore to the government for FY 2025, which is 27.4 percent higher than 2023-24, which will help the government exchequer to deal with the challenges caused by the US tariffs and to increase spending on defense due to conflict with Pakistan.
Mishra said that in the coming week, market participants will first react to the government’s record dividend transfer and its impact on fiscal policy by RBI.
Gaurav Garg, analyst of Lemon Markets Desk, said, “In view of the ongoing uncertainty around the American economy, foreign investment flows and business negotiations, Indian markets can see a period of consolidation in the near future.”
An expert said that there was a ups and downs in the market last week amid concerns about American fiscal health due to increasing debt.
Vinod Nair, the research head of the Geojit Investments Limited, said, “Investors focus on the US-India trade negotiations and strong domestic macroeconomic indicators. However, the recent FII withdrawal may affect the market perception due to the growing American bond yields amid growing American bond yields.” Nair said that optimism about the potential record-high dividend from RBI is increasing the expectations of fiscal consolidation, which is reflected in the decline in Indian bond yields.
