New Delhi: The volatility in the stock market is likely to continue this week. omicron uncertainty and RBI Monetary Policy Analysts say the meeting will be a key driver for the benchmark indices going forward.
He said it will be an event-filled week for the markets with the announcement of RBI policy and several macroeconomic numbers.
“Omicron uncertainty, volatility between RBI credit policy and macroeconomic numbers are likely to continue. There is a lot of news flow on the Omicron version that is creating market volatility while on the domestic front we will have a significant monetary policy outcome. RBI Which is going to happen on 8th December.
“We will also have our IIP and inflation data this week, though they will be released after market hours on Friday,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Equity benchmarks fell on Friday after India reported its first case of the Omicron variant of the coronavirus.
“We expect volatility to remain high this week as well as we have some important data and events. First, participants will be looking at the outcome of the monetary policy review meeting on December 8. On the macroeconomic front, IIP numbers and CPI Inflation is set for December 10.” Ajit MishraVP Research, Religare Broking said.
Yasha Shah, Head of Equity Research, Samco Securities said that with several events on the horizon, traders should prepare themselves for an action-packed week. Market players will try to read amid the outcome of RBI’s monetary policy.
The BSE benchmark rose 589.31 points or 1.03 per cent during the last week.
“RBI’s monetary policy meeting which is scheduled to begin this week will be a major market driver in the days to come as investors await a policy decision from the MPC in view of the uncertainty surrounding the new virus that remains in the global economy. Is.
Vinod Nair, head of research, Geojit Financial Services, said, “The key domestic data points to be released this week are inflation data for November and industrial and manufacturing production data for October.”
He said it will be an event-filled week for the markets with the announcement of RBI policy and several macroeconomic numbers.
“Omicron uncertainty, volatility between RBI credit policy and macroeconomic numbers are likely to continue. There is a lot of news flow on the Omicron version that is creating market volatility while on the domestic front we will have a significant monetary policy outcome. RBI Which is going to happen on 8th December.
“We will also have our IIP and inflation data this week, though they will be released after market hours on Friday,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Equity benchmarks fell on Friday after India reported its first case of the Omicron variant of the coronavirus.
“We expect volatility to remain high this week as well as we have some important data and events. First, participants will be looking at the outcome of the monetary policy review meeting on December 8. On the macroeconomic front, IIP numbers and CPI Inflation is set for December 10.” Ajit MishraVP Research, Religare Broking said.
Yasha Shah, Head of Equity Research, Samco Securities said that with several events on the horizon, traders should prepare themselves for an action-packed week. Market players will try to read amid the outcome of RBI’s monetary policy.
The BSE benchmark rose 589.31 points or 1.03 per cent during the last week.
“RBI’s monetary policy meeting which is scheduled to begin this week will be a major market driver in the days to come as investors await a policy decision from the MPC in view of the uncertainty surrounding the new virus that remains in the global economy. Is.
Vinod Nair, head of research, Geojit Financial Services, said, “The key domestic data points to be released this week are inflation data for November and industrial and manufacturing production data for October.”
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