Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Global factors, rupee, oil to drive stock markets this week: Experts

Global factors, rupee, oil to drive stock markets this week: Experts

Monday, November 05, 2018

Trend from global equities, macroeconomic data as well as movement of the rupee and crude oil prices will set the tone for the stock markets in the holiday-shortened week ahead, say experts.

Bourses would remain closed on Wednesday and Thursday for 'Diwali Laxmi Pujan' and 'Diwali Balipratipada'. The BSE and NSE will conduct a special 'Muhurat' trading session on Wednesday, November 7. 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, will be held between 1700 hrs and 1830 hrs, the stock exchanges had said Friday.

PMI data for the services sector is scheduled to be released Monday, which might have a bearing on market sentiment, experts said. On the global front, the US Fed interest rate decision will be closely watched.

"For markets as we said, it will be global cues and any positive news or move from western markets will have an exponential factor for domestic markets and the recent drop in crude is further keeping sentiments positive.

"IIP numbers, inflation are lined up and will be watched in the second week. The volume may remain thin due to holidays on the occasion of Deepawali," said Mustafa Nadeem, CEO, Epic Research.

The rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar. Cipla, Gail (India) and Indian Bank are among the corporates scheduled to announce their earnings this week.

Over the last week, the Sensex surged 1,662.34 points or 5% to close at 35,011.65.

Eight of top-10 firms gain Rs 1.69 lakh cr in m-cap; TCS, SBI shine
Eight of the 10 most valued Indian firms together added Rs 1.69 lakh crore in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI. A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs 1,69,865.11 crore for the week ended Friday. TCS, the most valued Indian firm, witnessed its market valuation soar by Rs 41,351.28 crore to Rs 7,16,630.43 crore.

No Comments Posted
City news
Gang of six busted by Nirmal Nagar police, ...
The Chembur police arrested five persons on ...
Resolution to change reservation passed amidst st
I am 26. My trust has been betrayed so often by c
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)You may feel empty, and completely down-and-out today. Ganesha says that this may make you feel a bit more inclined to spirituality. Meditation and prayer will engage more of your attention. You will also make considerable material progress.
- Advertising -
Trend from global equities, macroeconomic data as
Petrol price has been cut by over Rs 4 per litre
With the #MeToo movement gaining momentum across
Read More