Equity market experts have predicted that the June 2022 quarter financial results of companies, the value of the Indian rupee against the US dollar and the price of crude oil in the international market will have an impact on the stock trade this week.
Reliance Industries, Hindustan Unilever, Ultratech Cement, ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, PVR, SRF, Tata Communications and around 200 companies are going to release their June quarter financial results this week. The Bank of Japan and the European Central Bank will hold monetary policy meetings this week. Foreign investors are selling more stocks than investing in Indian stock markets.
In the last week alone, foreign investors sold shares worth Rs 5,916.01 crore. The Indian rupee continues to depreciate against the US dollar. The Reserve Bank of India is taking drastic measures to prevent the depreciation of the rupee. Currently, the Indian rupee stands at around 80 against the dollar. The price of crude oil in the international market is less than 100 dollars.
China, Japan, the US and Europe are due to release their key economic figures this week. Apart from this, stock market experts have predicted that the monsoon situation, international and domestic conditions will also be the main factors determining the volatility in the Indian stock markets.