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This week vaccination will decide the move of the market, know what experts are advising


The direction of domestic stock markets this week will depend on inflation data, vaccination stance and opening up of the economy after the curbs. Analysts have expressed this opinion. Market participants will also await the monetary policy review of the US central bank, the Federal Reserve.

Vinod Nair, Head of Research, Geojit Financial Services, said, “The inflation data for the month of May will be a major catalyst for the domestic market this week. On the global front, investors will keep an eye on the Federal Reserve’s stance. The market is expecting the US central bank to continue with its stimulus measures.” Nirali Shah, head of equity research, Samco Securities, said the market would remain volatile this week due to the US FOMC meeting. Last week’s 30-share BSE On Friday, the Sensex touched an all-time high of 52,641.53 points, up by 374.71 points or 0.71 per cent.

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Sumit Bagadia, Executive Director, Choice Broking said, “Investors will be watching the economic data and developments related to Kovid-19. Shivani Sirkar Kurian, Senior EVP and Head of Equity Research, Kotak Mahindra Asset Management Company, said, “The momentum will be driven primarily by the pace of vaccination and opening up of the economy. Apart from this, investors will also be watching the liquidity situation at the global level and the attitude of central banks.

At the same time, Brent crude oil prices, rupee volatility and foreign institutional investors’ attitude will also decide the market’s direction, said analysts. Shrikant Chauhan, Executive Vice President Equity Technical Research, Kotak Securities said, “Market watch in the coming weeks monsoon The progress of the virus will remain on the new cases of infection and the easing of the curbs.

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This week vaccination will decide the move of the market, know what experts are advising
Kiran Morehttp://mytechspark.com
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