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Stock Market Outlook : Macroeconomic data, June quarter results of companies, and global trends are the factors that will influence the trading trend of the stock market in the coming week. Analysts have predicted this. Apart from this, the trading activity of foreign investors will also be an important factor in determining the activities in the market. There will be trading only for four days this week. The stock market will remain closed on Thursday on the occasion of Independence Day.
What will everyone focus on?
Pravesh Gaur, Senior Technical Analyst at Swastika Investment Ltd, said, "This week, all eyes will be on global markets as we may witness a return to weakness after a long period of stability."
Indian equity markets may also struggle to maintain levels to some extent this week. Apart from the high valuation of the market, geopolitical tensions are also increasing.
Which companies will get the results?
Gaur said that on the domestic front, the final round of financial results of companies for the April-June quarter will determine the direction of certain stocks this week. Results of some big companies like Hero MotoCorp and Hindalco are expected this week.
Inflation figures will come
Gaur said, 'Institutional investment will also play an important role for the market. Vodafone Idea, NMDC, IRCTC, SJVN, and PC Jeweller will also announce their quarterly results during the week.
In terms of macroeconomic data, June's industrial production data and July's retail inflation data will be announced on Monday. Wholesale Price Index-based retail inflation data will be released on Wednesday.
How was the stock market last week
Vinod Nair, Head of Research, at Geojit Financial Services, said that apart from the Indian inflation data coming this week, the global markets will decide the direction of the domestic market. Last week, the BSE Sensex fell 1,276.04 points or 1.57 percent while the NSE Nifty fell 350.2 points or 1.41 percent.
Last week, global stock markets fell sharply due to the closure of the yen carry trade and fears of recession in the US.
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