Stock market gear up towards global trends for further triggers
With quarterly results season coming to an end, reportedly, the national markets will take cues from global events for the further triggers. The will be considering the general trend of the market equality which is expected to be remain positive.
Head Private Client group and Capital market strategy, HDFC Securities, VK Sharma told that, “This week FOMC minutes will be major event to watch. The Federal Reserve will likely to be release minutes from its most recent monetary policy meeting here on Thursday, Nov.23. While the readout will give a sense of central banker’s point of views of the outlook and the economy for the interest rates.
He further added that the general trends of the markets is immensely expected to be positive.
Stock markets to look up at global trends for new stimulations
The domestic market outlook registers a huge changed after Moody’s upgrade of credit ratings. This upgrade is considered to push liquidity into the domestic markets, said by Head of Research, Geojit BSE Financial Services.
Investors will be monitoring the crude prices as well as US FED rate in order to hike which are expected to bring some volatility. With the 2nd quarter results out of the way, global cues will be considered as the key driver for the markets, with underlining trend assumed to be positive.
On Friday, Moody’s investors service raised sovereign ratings for the first time in more than thirteen years by saying that growth prospects have been improved with continued economic as well as institutional reforms.
“With the season of results coming to an end, domestic markets will look towards global events for further triggers. Whether the bigger uptick is coming or the rising prices of crude oil has paused.”
“Moody’s ratings upgrade is a result of the fact that the government’s roadmap of fiscal is on the right path.”