No Major Domestic Trigger, Focus On Global Trends; Here’s How Analysts See Markets This Week

Analysts said with the end of the third quarter earnings calendar and no major domestic triggers in sight, equity investors would focus on global trends and foreign fund movements this week.

He added that the market may face a volatile trend amid expiry of derivatives during the week.

“Global cues and expiry of F&O could lead to volatility this week. While FIIs have shown some buying interest in the last few days, there were some block purchases last week, so their inflows will be significant.”

FPIs turned net buyers with inflows of over Rs 7,600 crore last week as against net outflow of Rs 3,920 crore in the previous week (from February 7-12).

The movement of Brent crude oil and the rupee will also be in focus this week.

“With all the major events behind us, the performance of global markets, especially the US, will be in focus for signals. Apart from this, the movement of crude oil and rupee will continue to give signals in-between,” said Ajit Mishra, VP Technical Research, Religare Broking Ltd.

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The BSE benchmark had gained 319.87 points, or 0.52 per cent, last week. “Due to the release of key macroeconomic numbers and sustained buying by FIIs, domestic markets witnessed a positive trend during the last week.

Vinod Nair, Head of Research, Geojit Financial, however, said, “However, an adverse combination of higher than expected inflation and a strong job market in the US dragged the markets down towards the end of the week, raising concerns about tighter monetary policy.” Services.

Nair added that the lack of major triggers in the domestic market would attract global cues to steer the market trend.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)