The stock market wasn’t up and becoming last week. The subdued nature of the market was due to the trade wars, liquidity crisis in the NBFC sector. Rajnath Yadav, the senior Research analyst for Fundamental Research at Choice Broking said “Other than the weak global sentiment, the liquidity crisis in the BBFC sector and the reports of defaults and corporate mismanagements are keeping the market down. The market is correcting because of high valuations. The momentum many change after the budget.”
Here are a few factors that are going to affect the market this week.
RBI meet Minutes
There was a three day meet of the Monetary Policy Committee. And RBI will release the minutes of the meeting on Thursday. The records of the central bank will determine how the market will decide on its future rate decisions.
BoE and BoJ
Another important factor will also be announced on Thursday. The BoE and BoJ, will announce their interest rates on Thursday. Their decision will also signal towards the future rate.
The Flow of Foreign money
The amount of Indian debt increased many folds with the foreign portfolio investors. As per the data NSDL, FPIs (Foreign Portfolio investors), have increased the Indian debt by Rs. 11,132 crore. And even though they took out Rs 238.64 crore, this is going to affect the market in the coming week.
Falling Crude oil
The attack on oil tankers in the Gulf Of Oman, has caused a slight bump in supply of the crude oil. Falling crude oil is a good sign for Indian economy. It will make the rupee stronger, and will be good for the Indian market.
Trade War US Vs India
India retaliated US’ GSP move by imposing higher tariff on 28 US products. This move might spread the trade war to other countries and might trigger a major fall in the market.
