Udayavni Special

Global trends to direct market movement this week: Analysts


PTI, Aug 22, 2021, 10:50 AM IST

New Delhi: Equity market sentiment this week will be guided by global trends in the absence of any major domestic triggers, while bourses may also see some volatility amid expiry of derivatives contracts, analysts said.

Fears of sooner-than-expected tapering in monetary stimulus by the US Federal Reserve, rising cases of the Delta variant of the coronavirus coupled with China’s regulatory crackdown triggered selling in global markets in the previous week.

“In the absence of key domestic economic data points, the market is expected to continue its focus on global events in order to gain momentum. Global rise in COVID cases is also a cause for worry, keeping the volatility high,” said Vinod Nair, Head of Research at Geojit Financial Services.

During the last holiday-shortened week, the 30-share BSE benchmark Sensex declined 107.97 points or 0.19 per cent.

“Going ahead, global cues will be closely watched for further market direction. With cases of Delta variant rising globally, this is becoming the biggest worry for the markets at the moment along with nervousness around US Fed taper talks,” said Siddhartha Khemka, Head – Retail Research, Broking & Distribution, Motilal Oswal Financial Services Ltd.

With the earnings season over, markets would track movement in rupee, Brent crude and foreign fund inflows to derive further cues, analysts added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Congress veteran V M Sudheeran resigns from KPCC political affairs committee

Worker dies in private iron factory

Bank Holidays October 2021: Banks to remain closed for a total of 21 days

Saubhagya scheme sees electrification in 2.82 crore households

Owner arrested over blast in Bengaluru godown which killed 3 people

India logs 29,616 new COVID-19 cases, 290 fatalities

State govt acting like puppet of RSS, says Siddaramaiah

Related Articles More

CCI slaps Rs 873-crore fine on UBL, Carlsberg for price-fixing

Journey of Sensex: From 1,000 to 60,000 in over 31 years

Amazon India to host ”Great Indian Festival 2021” from Oct 4

Rupee falls 13 paise to 73.77 against US dollar in early trade

Sensex zooms over 350 pts to hit 60K for first time; Nifty crosses 17,900

MUST WATCH

BHARAT BANDH ISSUED BY COMMUNIST PARTY

PILI STEPS AT THE SHARJAH STADIUM

Pigs and street dogs in dandeli city

Kahale: Contributions Of North Karnataka To State,

Blacksmith works problem in thekkatte


Latest Additions

Varun Chakravarthy pose biggest threat for Chennai Super Kings

Congress veteran V M Sudheeran resigns from KPCC political affairs committee

Vice President Naidu pays tributes to Deen Dayal Upadhyay

Bengaluru: Foreign national arrested for drug peddling; drugs worth Rs 2.5 crore in champagne bottles seized

Worker dies in private iron factory

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.