Dedicated To Mumbai
Home > Business & Investment > Global markets, rupee movement, oil prices to set market direction

Global markets, rupee movement, oil prices to set market direction

Monday, December 19, 2016
By Dominic Rebello

The trend in the global markets, the movement of rupee and oil prices will dictate the market trend this week. As the vacation week of Christmas is underway, FII participation is expected to remain subdued, say experts.

"In the coming week, markets are expected trade range bound in absence of any major trigger ahead of the Christmas Vacation. Very soon Q3FY17 estimates along with the likely impact of demontisation and post-trump policy era will emerge as the guiding factor for the markets. We expect institutional participation on the stock markets to remain subdue ahead of new-year bonuses,” said Vijay Singhania, Founder-Director, Trade Smart Online.

No major event or data is lined up ahead expect the GST Council meet, which is scheduled on Dec 22-23. The main agenda of meeting is to resolve the difference of dual control of assesses along with several other important laws for its timely implementation, said Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Global markets, especially the developed ones, are trading strong at present and we need some major trigger from the local front to shrug-off the anxiety of demonetisation and join the global counterparts, Manglik added.

Marketmen will keen watch to proceedings in Tata Group companies as the proposal to remove Cyrus Mistry as Chairman in four companies will take place this week.

“After the long back to back global as well as local events, finally market has hardly something left for coming week to take cues from. However, we expect demonetization to keep playing its role in the equity market for short term and any good or bad news related to it could drive the market in respective direction,” said Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments.

Global cues like existing Home Sales data in US for November 2016, US Crude Oil Inventories data, US Q3 Gross Domestic Product (GDP) data and UK Q3 GDP data will be unveiled this week.

No Comments Posted
I recently got married. The few times I tried to
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Intense work activity will take its toll. Keep your cool and control outbursts. You can earn more respect and confidence by being tolerant. Occupy yourself with day-to-day work as anything new you try could face snags. At leisure do something that you enjoy. The frosty atmosphere is something you are not used to but be tolerant for the sake of your beloved who has in the past stood through thick and thin with you.
- Advertising -
Move over Greenery, because Intense Ocean just ma
Yes, we’re suggesting the use of real rocks. Khev
From a quirky, creative space in South Mumbai to
Read More