Markets may take cues from global factors this week: Experts

Tags: Stock Market
In the absence of any major domestic trigger, stock markets are likely to take cues from global factors amid geopolitical concerns in Iraq and Ukraine this week, say experts.

Besides, trend in investment by overseas investors, movement of rupee against the dollar and crude oil price will continue to influence market movement.

"In absence of any strong triggers, Nifty may trade in narrow range and show indecision at higher levels. In coming sessions, 7,750 shall be crucial deciding level in near term, and the index is likely to witness further buying above this level," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio Ltd.

Markets were closed on Friday for 'Independence Day' but traders keenly watched newly elected Prime Minister Narendra Modi's speech for clues to his reform plans.

"It was clear from his (Modi's) speech that the government

is business-friendly," said Jignesh Chaudhary, Head of Research, Veracity Broking Services.

Prime Minister Narendra Modi had on Friday while unveiling his economic agenda invited global businesses to make India their manufacturing base and launching a financial inclusion scheme for poor families.

Marketmen also said investors would continue to watch global events unfurl in the week ahead.

Reduced geopolitical concerns had fuelled buying in the markets last week.

Expecting the situation in Ukraine and Middle East to stabilise on reports that the Russian war planes have finished military exercises near Ukraine's border and an agreement between Israel and Hamas on Wednesday to decide to extend the temporary truce in Gaza for five more days, moments before the existing ceasefire was to expire, had boosted the domestic market sentiment.

The BSE S&P Sensex ended at a three-week high of 26,103.23 last week, showing a gain of 774.09 points or 3.06%.

In previous two weeks, it had fallen by 797.61 points, or 3.05%.


  • Monetary policy review needs to look beyond key policy rate

    After changes in the interest rate cycle direction, expectation of some action on rates is high before every monetary policy review of the Reserve Ban


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Kumar Jain

India in a new age work order

There are three broad categories of people in the world ...

Rajgopal Nidamboor

The balancing act of nature

It’s a fact of modern life that you and I ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture