Mumbai, First Published Jun 6, 2022, 8:17 AM IST
share market news today: The Mumbai Stock Exchange (BSE) and the National Stock Exchange (NSE) have been on the rise for the past 3 weeks and there are 10 factors affecting the market this week. Knowing that, stock trading will go smoothly this week.
Corona controls in China were eased and the economy returned to normal, as the US economy continued to boost the stock market last week. As a result, the Sensex rose 1.4 per cent, with banking, IT and Reliance Industries gaining ground. IT stocks traded higher on the Nifty.
Here are 10 key factors that could affect the stock market this week. Let us know it briefly.
Reserve Bank Meeting
The Reserve Bank’s Monetary Policy Committee meeting is scheduled for the 8th. The interest rate on the loan is likely to rise by 25 to 75 points in this meeting. Such an increase in interest rates will have an impact on the stock market, affecting market trading and creating severe volatility.
Meeting of the Council of Europe
The European Central Bank is meeting on the 9th. The meeting is expected to raise interest rates aimed at curbing rising inflation in Europe. As interest rates rise, so do global interest rates.
Rising crude oil prices
The price of crude oil, also known as black gold, has been on the rise since last week. Crude oil prices rose to $ 123 a barrel last week. Although crude oil prices have risen following the European Union’s intensification of sanctions on Russia, prices have fallen over the weekend following reports by the Organization of the Petroleum Exporting Countries (OPEC) that they will increase production. The change in crude oil prices will affect the stock market
Economic statistics
Investors are eagerly awaiting the release of various government economic figures this week. Industry figures for April 10 are coming up. China’s inflation figures are released. The world market is looking forward to China’s trade balance. Big changes in it will have an impact on the Indian market as well
Monsoon
The southwest monsoon is set to begin this week. With the onset of monsoon, food prices will start falling in the coming days. This will motivate investors and in the villages due to the monsoon will increase the income of the farmers and as the demand for the village will go up, the monsoon will have an impact on the market.
Foreign investors
Foreign investors continue to sell shares in the market and take the investment. Last week alone, foreign investors sold shares worth Rs 3,417 crore. Therefore, this week foreign investors will be impacted by the stock investment withdrawal.
U.S. Employment Report
The US Employment Status Report was released last May. The United States has seen an increase in hiring for jobs other than agricultural work. However, economic growth is slowing and inflation is rising. In May alone, 3.90 lakh new jobs were created. However, it is noteworthy that after the report, various companies, including Tesla and Meta, sent home 10 percent of their employees. These are all factors that affect the stock market
Last Updated Jun 6, 2022, 8:17 AM IST