Ultimate magazine theme for WordPress.

Share market move will be decided by RBI MPC and Economic data


Share market move will be decided by RBI MPC and Economic data 1

new Delhi. Forgetting the decline of the previous week, the stock market may appear to be moving rapidly in the next week. Economic data of the country is also awaited with the RBI MPC meeting. At the same time, the figures of Auto Sector will also come. Which can give a sharp turn in the market. There will also be quarterly results of many companies, which can make a difference on the stock market. Corona virus ( coronavirus ) Will have an impact on the market. Let us tell you that the stock market saw a decline of more than one percent last week.

Also read: TikTok can sell for 3.75 lakh crore rupees in the hands of Microsoft

Sector data from RBI MPC will give effect in the market
The Reserve Bank’s monetary policy review meeting will take place from July 4 to 6 this week. Its results can impact the stock market. At the same time, according to experts, the vehicle sales figures for the month of July will also be revealed at the beginning of this week. Vehicle sales figures showed improvement in July amid the Corona epidemic. The unlocking process has started in most parts of the country. In such a situation, the sales figures of the vehicle industry in July have been much better than the previous month. Apart from this, now the situation of the vehicle industry is also normal in terms of production. Apart from this, market investors will also be looking at the data of PMI manufacturing and service sector.

Also read: Festive season may see a boom in the Indian Smartphone market

Quarterly results of these companies will be revealed
This week, Bharti Airtel, Tata Steel, Lupine, Titan, Voltas, Apollo Tires, Canara Bank, Adani Power and Mahindra & Mahindra are expected to report quarterly results. Which can bring their stock fluctuations. According to experts, last week, big companies like SBI, Reliance, HDFC, IOCL etc. had quarterly results. After which there was a sell in the market. The sell-off was even after Reliance’s results improved. In such a situation, the results of this week can also be seen in the market.

Also read: 24 states of the country will get the facility of cheap food grains, know which states have their respective names

Rahaga International Impact
Not only the country, the cases of Corona virus are increasing in the whole world. Because of which global markets are also going through a phase of ups and downs. This can be seen in the Indian stock market. Apart from this, developments related to the US-China relationship will also influence the direction of global markets. Apart from this, investors will also keep an eye on rupee-dollar fluctuations and Brent crude oil prices.


Leave A Reply

Your email address will not be published.