Share Market Outlook: The season of companies’ quarterly results for the Indian stock market is almost over. In such a situation, the direction of the Indian stock market will be largely determined by the global trend in this entire week with fewer trading sessions. Analysts are of the opinion that at present, foreign portfolio investors are assessing the impact of rising inflation.
worry about inflation
Apart from this, the inflation figures released by the US and China only last week may see an increase in interest rates earlier than expected. In the US, inflation in October has reached a 30-year high of 6.2 percent on an annual basis.
At the same time, the Consumer Price Index in China has increased by 1.5 percent on a yearly basis. The Producer Price Index has increased by 13.5 percent on a yearly basis. Local markets may be affected by inflation concerns and earlier interest rate hikes. Due to such indicators, foreign investors can withdraw their capital from emerging markets like India.
Markets up 1 percent last week
Indian markets closed on the green mark on Friday after falling for 3 consecutive days. Talking about the whole week, the Sensex rose 619.07 points or 1.03 percent.
danger of falling
In such a situation, experts believe that the quarterly results and the festive season are now behind. In such a situation, the market can be affected. If foreign institutional investors sell because of the rise in inflation, the markets here will fall if there is no support from local companies.
There will be fewer trading sessions this week. On Friday, there will be a holiday in the market on Guru Nanak Jayanti. The season for quarterly results is over.
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