Share Market Tips: The results of the assembly elections are out and now the market will react to other important factors in the near future. The market will now keep an eye on Russia-Ukraine geopolitical tensions, rise in crude oil prices, Reserve Bank's reaction to inflationary pressure on the economy, etc. The market will remain volatile till these become favorable.
New Delhi: Russia-Ukraine conflict, the decision of the US central bank on the interest rate and inflation data on the domestic front, the stock markets (Share Markets) this week. the direction will be determined. Analysts have expressed this opinion. Analysts believe that the volatility in the market will continue for the time being. The Sensex closed at 55,550.30 with a slight gain of 85.91 points on the last trading day of the last week. Talking about Nifty, it closed at 16,630.45 with a marginal gain of 35.55 points. Talking about the whole week, the 30-share BSE Sensex rose 1,216.49 points or 2.23 percent last week. On the other hand, the Nifty of the National Stock Exchange (NSE) was up 385.10 points or 2.37 percent.
FOMC results are important
Santosh Meena, Head of Research, Swastika Investment said, “FOMC meeting, Russia-Ukraine conflict will be important global factors for the market this week. There is still uncertainty about Russia-Ukraine tensions. The results of the Federal Open Market Committee meeting will come on March 16. Meena said that amid all this, crude oil prices and foreign investors (FPI) will also remain important from the point of view of Indian markets. Inflation data will come on March 14.
There will be no business on March 18
Markets will remain closed on Friday, March 18, on the occasion of Holi. Ajit Mishra, Vice President (Research) Religare Broking said, “It will be a week with fewer trading sessions. Market participants will react to industrial production (IIP) data on Monday. Similarly, inflation data based on Consumer Price Index and Wholesale Price Index are also to come. The results of the US central bank meeting will be out on March 16. All eyes will be on them.
These factors will affect the market
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said, “The results of the assembly elections are out and now the market will react to other important factors in the near future. The market will now keep an eye on Russia-Ukraine geopolitical tensions, rise in crude oil prices, Reserve Bank's reaction to inflationary pressure on the economy, etc. Till these become favorable, volatility in the market will continue. At the same time, Yesha Shah, Head of Equity Research at Samco Securities said, “The Russia-Ukraine war and the US central bank meeting are important developments for the market this week. Inflation data on the domestic front will also be important for the direction of the market.
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