Stock market today
The direction of the stock markets will be decided this week by the progress of global signals monsoon and vaccination campaign. Market experts believe that there will be volatility in the market due to the settlement of derivatives contracts for the month of June.
New Delhi: The direction of the stock markets will be decided this week by the progress of global signals monsoon and vaccination campaign. Analysts have expressed this opinion. He says that there is no major macroeconomic data coming on the domestic front this week, so investors will keep an eye on the global markets. The market may remain volatile due to settlement of monthly derivatives contracts, he added.
Ajit Mishra, Vice President Research, Religare Broking said that the market will remain in a range for most of the time. We believe that there will be volatility in the market due to settlement of derivatives contracts for the month of June. The eyes of the market participants will be on the global markets.
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Know what is the opinion of expertsHe said, “Apart from this, the progress of the monsoon and the vaccination campaign will also decide the direction of the market.” Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said, “Going forward, the pace of monsoon and vaccination will give direction to the market. .
The speed of vaccination will also have an effect
Last week, the 30-share BSE Sensex fell 130.31 points or 0.24 percent. Vinod Modi, Head of Strategy, Reliance Securities, said, “In the near future, investors will be watching the rate of infection, the pace of vaccination and the progress of the monsoon.”
Apart from this, investors will also keep an eye on Brent crude oil, rupee volatility and foreign fund inflows, he said. Vinod Nair, Head of Research, Geojit Financial Services, said, “In the short term, the phase of consolidation in the market will continue.”