20/10/2021

THAILAND DAILY

NEWSPAPER / MAGAZINE / PUBLISHER

global-trends-to-direct-stock-market-movement-this-week:-analysts

Global trends to direct stock market movement this week: Analysts

Equity market sentiment this week will be guided by global trends in the absence of any major domestic triggers, while bourses may also see some volatility amid expiry of derivatives contracts, analysts said.

Fears of sooner-than-expected tapering in monetary stimulus by the US Federal Reserve, rising cases of the Delta variant of the coronavirus coupled with China’s regulatory crackdown triggered selling in global markets in the previous week.

“In the absence of key domestic economic data points, the market is expected to continue its focus on global events in order to gain momentum. Global rise in COVID cases is also a cause for worry, keeping the volatility high,” said Vinod Nair, Head of Research at Geojit Financial Services.

During the last holiday-shortened week, the 30-share BSE benchmark Sensex declined 107.97 points or 0.19 per cent.

“Going ahead, global cues will be closely watched for further market direction. With cases of Delta variant rising globally, this is becoming the biggest worry for the markets at the moment along with nervousness around US Fed taper talks,” said Siddhartha Khemka, Head – Retail Research, Broking & Distribution, Motilal Oswal Financial Services Ltd.

With the earnings season over, markets would track movement in rupee, Brent crude and foreign fund inflows to derive further cues, analysts added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Take Me Top