What is going to be for the stock market this week is going to be decided by this week’s global stance, business activities of foreign investors and inflation data. According to the market experts, the benchmark index closed with a gain of over 1% last week with the help of strong domestic large economic figures and policy reforms.

What kind of trick of stock market?

Ajit Mishra, Senior Vice Chief (Research) of Broking firm Railgear, says that this week too, there will be a lot of figures at the domestic and global level. The inflation figure on the domestic front will be released on 12 September. He said that important data of America will be monitored globally. These include consumer inflation, unemployment claims, and a conjunction of consumer, which will play an important role in shaping the policy expectations of the Federal Reserve. Apart from this, any new information on the Indo-US trade agreement can further strengthen the notion of the market.

Last week, BSE’s 30 -share Sensex rose 901.11 points or 1.11%, while the National Stock Exchange’s Nifty was in profit of 314.15 points or 1.28%. Swastika Investmart Ltd. Chief Technical Analyst Pravesh Gaur says that looking forward, the Indian stock market can start with cautious and optimistic stance this week. Investors can especially focus on consumption-based and capital expenditure-based sectors.

This week is important for the Indian market

Analysts say that apart from this, the fluctuations in crude oil prices and the trend of rupee-dollar will also decide the market’s attitude this week. According to Puneet Singhania, director of the Master Trust Group, this week is going to be important for the Indian markets, as recently the declaration of GST rate cuts is acting as a possible incentive that can improve the market perception and accelerate the regional level, which can lead to the negative perception of fees in the near future.

The next major development for the stock market is a policy meeting of the US Federal Reserve to be held on 16-17 September. According to Siddharth Khemka, the head of the research head management of Motilal Oswal Financial Services Limited, this week’s major major figures include India and America’s inflation, decision on the interest rate of ECB (European central bank) and the second quarter GDP figures of Japan.

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