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Tuesday, July 5, 2022

The decline in the stock market may continue even next week, will keep an eye on the data of Fed Reserve, CPI, WPI

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Stock Market Update: If you have also invested money in the stock market, then know how the business is going to be in the market next week…? Will this kind of selling be seen in the market in the coming days too or can there be some improvement. Let us tell you that May’s inflation data and the decision of the US Bank’s Fed Reserve will decide the movement of the market this week.

Crude oil and rupee will also have an effect
Apart from this, the trend of foreign reserves, fluctuations of rupee and crude oil prices will also give direction to the market. Market experts have expressed this opinion.

Will keep an eye on the decision of 15 June
Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “All eyes will be on the Federal Reserve’s Federal Free Market Committee (FOMC) decision on June 15. The market is anticipating an aggressive increase in interest rates amid the ‘monster’ of inflation. The Bank of Japan will also present its monetary review on June 17.

FIIs continue to sell
Meena said that it will be important to see what is the attitude of Foreign Institutional Investors (FIIs) in the midst of panic selling in the global market. FIIs have been selling heavily for the last eight consecutive months.

CPI and WPI figures will also be monitored
He said that on the domestic front, consumer price index (CPI) inflation data will come on June 13 and wholesale price index (WPI) inflation data on June 14. Apart from this, market participants will also keep an eye on the fluctuations of rupee and crude oil.

Know what is the opinion of experts?
Ajit Mishra, vice-president-research, Religare Broking, said, “The market is likely to remain volatile due to the upcoming data and important developments this week.” Will give feedback on domestic industrial production (IIP) data. Inflation in the US has reached a 40-year high. The IIP figures came after the market closed on Friday.

There is a lot of pressure in the market
He said that the CPI inflation data is to come on 13th June and WPI inflation data on 14th June. On the global front, the results of the US central bank meeting on June 15 will come. Experts said that the markets are under a lot of pressure due to inflation at the global level. In such a situation, steps are expected to be taken by the central banks.

Sensex slips 2.62 percent
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said that the markets have been in a wide range for the last one month. This situation will continue till a clear signal emerges in one direction. Last week, the 30-share BSE Sensex fell 1,465.79 points or 2.62 per cent.

The effect of global signals will be visible
Yesha Shah, Head of Equity Research at Samco Securities, said the market will remain volatile due to the Federal Reserve’s decision on interest rates on global and crude oil prices. On the domestic front, consumer price index and wholesale price index based inflation data will remain important this week.

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