GDP shocker & 7 other factors to decide Sensex, Nifty movement this week
Sensex and Nifty ended the week nearly 1% higher, marking the second consecutive week of advances amid mixed cues. While easing geopolitical tensions, favorable state election results and MSCI rebalancing supported the market, FII selling limited the upside.
«The Indian market is increasingly witnessing severe bouts of volatile trading, as the gyration from positive to negative zones has been very sharp owing to stretched valuation concerns and the lingering selloffs from foreign investors. Despite the recovery, there is no firm trend visible due to lack of fresh positive triggers,» Prashanth Tapse of Mehta Equities said.
Analysts expect the market to continue making a sideways movement for next 6-12 months so that the earnings catch up with the valuations.
For this week, here are 8 key factors to watch out for:
1) GDP data
The market will first react to the weak Q2 GDP data for India which came at 5.4% against an expectation of 6.5%.
Stock Trading
Candlesticks Made Easy: Candlestick Pattern Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Options Scalping Made Easy
By — Sivakumar Jayachandran, Ace Scalper
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Point & Figure Chart Mastery: A
