How will the stock market be on Monday? The effect of these factors can be seen

Amit Kumar Jha
stock market news
stock market news

The volatility of crude oil prices and the rupee's trend against the dollar will affect the market sentiment. Last week, the 30-share Sensex of BSE was up by 989.81 points or 1.68 percent.

Share Market Tips: On Friday 9 September 2022, the Indian stock market closed on the green mark with a slight increase. However, there is a lot of movement in the stock market and many factors can affect the market on Monday. On Friday, the Sensex gained 104.92 points (0.18%). Sensex closed at 59,793.14. On the other hand, Nifty closed at 17,833.35 with a gain of 34.60 points (0.19%). Now in the coming week, the direction of the stock markets will be decided by the announcements of many macroeconomic data and the global trend.

economic data

Analysts have expressed the opinion that the industrial production (IIP) figures for July are to come on Monday this week. At the same time, the inflation data based on the Wholesale Price Index will come on Wednesday. Vinod Nair, Head of Research, Geojit Financial Services, said, "The direction of the market this week will decide some important macroeconomic data apart from global market trends. Apart from inflation, data on manufacturing and industrial production are to come during the week.

Rupee fluctuations 

Apart from this, the inflow of foreign funds and the volatility of the rupee against the dollar will also be important from the market point of view. Apoorva Seth, Head of Market Perspectives, Samco Securities, said, “Global markets are eagerly awaiting the US inflation data. All eyes will be on these figures, because only on the basis of this it will be known what the future trend of the Federal Reserve is.

bullish trend

Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said volatility in crude oil prices and rupee's trend against the dollar will affect the market sentiment. Last week, the 30-share Sensex of BSE was up by 989.81 points or 1.68 percent. On the other hand, the Nifty of the National Stock Exchange rose 293.90 points to 1.67 percent. Ajit Mishra, Vice President Research, Religare Broking believes that the bullish trend will continue in the markets for now. He said that there is a broad buying trend in the market right now.