Winning Bizness Desk
Mumbai. The way the stock market has seen a boom in the past few days, it has raised a lot of hopes among investors and market experts believe that the kind of momentum that is being seen in the stock market, Nifty will cross the 25,000 mark this week. Notably, the kind of decline that was seen in the stock market after the budget last week, there was a recovery in a single day on Friday. The main reason for which was the US GDP figures, the expectation of better global demand and the confidence of domestic investors in the market was considered very important. Now the expectations are from next week even as the media report said that the direction of the domestic market will be decided by many factors next week, including quarterly results data, US Fed and BOE monetary policies, US job data and Eurozone GDP figures as well as global economic updates. However, experts say that investors will also keep an eye on the global market trends and fluctuations in crude oil prices for further indicators.
Quarterly results will decide the path
This week, GAIL, Adani Power, Bank of Baroda, BHEL, Coal India, Mahindra & Mahindra, Maruti, Tata Steel, Adani Enterprises and Tata Motors will announce quarterly results. The condition and direction of the stock market will depend a lot on how the quarterly results of the companies come? On the other hand, PMI manufacturing data will also be in front of the stock market on August 1 in the week. Its effect can also be seen on the market. Apart from these, China's manufacturing PMI data will be seen. For some time now, China's PMI data has been very good. The US Federal Reserve will announce its policy on July 31. In such a situation, the stock market will be eyeing this announcement. The market is confident that the Fed may soon announce a rate cut. On the other hand, the Bank of England is also trying to look in this direction. After the Fed, BII will also announce its rates.
Global investors to closely monitor the earnings
FPI investment in equity stood at Rs 33,688 crore as of July 26. Chief Investment Strategist Dr. VK Vijaykumar said in a media report that FPI investment in debt during the same period is Rs 19222 crore. So far in the current year, FPI investment in equity is Rs 36,888 crore and investment in debt is Rs 87,846 crore. Since India is one of the best performing markets in the world, FIIs cannot continuously sell in India even if the valuation is rising. Global investors will closely monitor the earnings of the largest technology companies in the US market, the Federal Reserve policy meeting and employment data in the coming week. All these indicators can determine the condition of the US stock market and the rest of the major markets in the world.
