Page 38 - The Indian EYE 052722

BUSINESS EYE MAY 27, 2022 | The Indian Eye 38

Indian stock market week ahead:

Five factors to look for

Volatility is expected to continue in the markets in the week beginning May 23. There are

several factors that are likely to keep traders busy during the week

GYANENDRA KUMAR KESHRI

Mumbai
napping five consecutive weeks
of losing streak, the Indian
Sstock markets’ key indices
gained around 3 per cent during the
week ended May 20.
There was extreme volatility at
Dalal Street during the week. The
key indices, Sensex and Nifty, start-
ed the week on a positive note and
rallied around three per cent in the
first two days.
However, the benchmark indi-
ces tumbled by more than 2.5 per
cent on Thursday. Bulls were back
on Dalal Street on Friday, the last
trading session of the week. The in-
dices more than covered the losses
incurred in the previous day. The
Sensex and Nifty surged by around
three per cent on Friday.
Rally in small firms was sharp-
er. BSE smallcap index surged by
around 4 per cent during the week Shareholders and share brokers monitor the data at a share market in Kolkata (ANI Photo)
outperforming the gain of around 3
per cent in the midcap index. Domestic institutional inves- week. Earnings data will have a sig- had witnessed volatility during the
Metal led the gains among the
sectoral indices. BSE Metal index tors have bought shares worth Rs nificant impact on the market’s trend week. This dampened the sentiments
36,208.27 crore since the beginning of
during the week.
in the Indian equities in the middle
soared 7.3 per cent during the week.
The capital goods index gained 5.3 May. During the week ended May 20, RUSSIA-UKRAINE CONFLICT of the week. However, the bull ruled
the domestic institutional investors
the Dalal Street on Friday despite
per cent. bought shares worth Rs 9,472.91 crore. The ongoing Russia-Ukraine con- the weakness in the global equities.
Volatility is expected to continue flict has created volatility in the stock
US macro-economic data and
in the markets in the week beginning EARNINGS markets globally. Investors across the the Federal Reserve’s action on pol-
May 23. There are several factors Several big companies are sched- world are keeping eye on the conflict. icy rates and liquidity management
that are likely to keep traders busy uled to announce their financial re- It has created huge setbacks for the are closely tracked by the investors.
during the week. sults during the week. The compa- global economy, which was already
INDIAN RUPEE
FOREIGN INSTITUTIONAL nies that are scheduled to announce rattled by the COVID-19 pandemic. The Indian rupee dipped to
their Q4 results are Mahindra & Ma-
INVESTORS hindra, NHPC, Oil and Natural Gas Development in the Russia-Ukraine a new record low of 77.92 against
conflict will have a significant impact
The benchmark indices rallied Corporation (ONGC), Bank of India, on the global equities markets as also the US dollar during the week. The
around 3 per cent during the week. It Coal India, Adani Ports and SEZ, on the other markets globally. rupee touched an all-time low on
was purely led by retail and domestic Grasim Industries, Bank of India, Thursday amid a meltdown in the eq-
institutional investors. Foreign insti- GAIL (India) Ltd, Fortis Healthcare, GLOBAL MARKETS uities markets.
tutional investors (FIIs) were the net Jindal Steel & Power, Godrej Indus- Investors closely follow the de- Movement in the currency mar-
seller during the week. The foreign tries and India Cements. velopments in the global equities. kets will be closely watched. Inves-
institutional investors sold equities This will be the last leg of the The volatility during the week was tors will also keep a watch on the US
worth Rs 11,401 crore during the earnings session for the Janu- largely due to the trends in the glob- dollar’s exchange rate against major
week ended May 20. Since the begin- ary-March 2022 quarter. More than al equities. global currencies including China’s
ning of the month, FIIs have offload- 1,200 companies are scheduled to an- Major global indices including Yuan, Japan’s Yen, UK’s Pound
ed equities worth around Rs 44,102 nounce their financial results for the Dow Jones Industrial Average, Nas- Sterling and the European Union’s
crore. January-March quarter during the daq 100 futures and S&P 500 futures Euro. (ANI)

www.TheIndianEYE.com