Stock Market: RBI’s monetary review meeting and Omicron news will decide the market movement

Stock Market Update: The volatility in the stock markets is expected to continue this week amid uncertainty about the new variant of the corona virus, Omicron variant. Apart from this, there is also a monetary policy review meeting of the Reserve Bank during the week, which will mainly give direction to the stock markets. Market experts have expressed this opinion. Experts said that this week will be full of developments. Apart from the monetary review, many macroeconomic data are also to come during the week.

Monetary review meeting will decide the move
Santosh Meena, Head of Research, Swastika Investmart said, “The market is likely to remain volatile amid uncertainty over Omicron, RBI’s monetary review and macroeconomic data. A lot of news is coming about Omicron, which is creating uncertainty in the market. At the same time, the monetary review meeting will be important on the domestic front. The results of the meeting of the Monetary Policy Committee (MPS) of the central bank will come on December 8.

IIP figures will come on Friday
Meena said, “Industrial production (IIP) and inflation data are also to come this week. However, these figures will be released after the market closes on Friday.

There will be lot of volatility in the market
Ajit Mishra, Vice President Research, Religare Broking said, “We anticipate that there will be a lot of volatility in the market this week. Many important economic figures are to come during the week. Market participants will keep an eye on the monetary review of the Reserve Bank. On the macroeconomic front, IIP and inflation data are due on December 10.

Will keep an eye on economic data
Yesha Shah, Head of Equity Research, Samco Securities, said market participants should be prepared for volatility this week due to several economic data and developments. Market players will try to understand things from the outcome of RBI’s monetary review. Last week, the BSE 30-share Sensex was up 589.31 points or 1.03 per cent.

Know what is the opinion of experts?
Vinod Nair, Head of Research, Geojit Financial Services, said, “The meeting of the monetary policy committee of the Reserve Bank is due this week. This will be a major catalyst for the market in the coming days. Amidst the new nature of the virus, investors will be waiting for the results of the Monetary Policy Committee (MPC) meeting.

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