Monday, March 11, 2019

Macro Data, Global Growth Concerns To Impact Equity Indices: Experts

The build-up into the general elections and International growth issues together with macro-economic data points are predicted to affect the national equity market during the upcoming week.

Economy observers pointed out the additional variables such as Stock-specific activity, motion of rupee against the US dollar and crude oil costs will even place the marketplace's trajectory.

"General Election and geopolitical anxiety are both major aspects that can give leadership to the current market," stated DK Aggarwal, chairman and managing director, SMC Investments and Advisors.

"Nifty is Expected to proceed in the assortment of 10,900-11,300 while Bank Nifty is predicted to proceed in the assortment of 27,500-28,000 levels"

According Into Sahil Kapoor, main marketplace strategist-research, Edelweiss Wealth Management:"The frontline indicator Nifty continues to stay at a wide array... Until the scope has been broken, the indicator might find it tough to set a significant trend."

"Global growth slump is getting more Pronounced with recently declared economic data. This could weigh on Indian growth too."

Aside from growth issues, investors will

"Key Domestic indicators are expected next week for example IIP, WPI and CPI inflation.

In any case, additional macro-economic data points like WPI and transaction figures will be important topics for the upcoming week.

"The Markets would continue to stay in a wider range with international variables (poor US project data and worldwide growth scare) stays an overhang.

Supportive of those markets at the month of March and can help the optimistic opinion towards INR."
The provisional figures in the Stock exchanges revealed that through this week, FIIs (foreign institutional investors) purchased scrip value Rs. 4,313.99 crore.


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