What to watch out for markets this week
What to watch out for markets this week
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Indian share markets will be guided by the crude oil prices, trend in global stock markets, Global central bank’s policy decisions, the movement of the rupee against the dollar, as per analysts point of view.

Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored. The key thing to watch out for in the coming weeks would be the US bond yields because any rise in yields can take out the FII money from developing countries like India to western markets and could also be a risk for emerging markets currencies.

 Indian equities followed global cues throughout the last week. The rise in US bond yield kept the volatility high, swaying between gains and losses. Although a fall in US unemployment rate and the signing of the stimulus bill helped the market in between, but continuous rising bond yields outweighed market sentiments, analysts said. During the holiday-shortened last week, the 30-share BSE benchmark index gained 386.76 points or 0.78 percent.

"Markets will first react to macroeconomic data viz IIP and CPI inflation, which came in after market hours on Friday, analyst said. Next, WPI inflation is scheduled for March 15.

The market would also depend on the investment trend of foreign portfolio investors, movement of the rupee against the US dollar and Brent crude prices. Extending its gaining streak for the third day in a row, the Indian rupee advanced by another 12 paise to close at 72.79 against the US dollar on weekend.

 

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