Rising bond yields and rising inflation in the US have drawn worry lines on the forehead of investors all over the world. This is the reason why the Indian markets saw a decline of over 3 per cent last week. Along with this, concerns related to the second wave of Corona also showed their impact in the market. But the point to note is that the market got strength in the budget and RBI policy. He persisted in February. Due to this, the market closed in February with a gain of 6 per cent. One more thing to keep in mind is that small and medium stocks performed better than large caps last week. In other words, it can be said that the decline in small and medium stocks was less than that of heavyweights.
Some important things that the market will keep an eye on
Talking about the week starting on Monday, the market will be the first to react enthusiastically to the third quarter GDP data. But if we look at it completely, experts say that this week, Bayer can dominate the market. And we can see fluctuations in the movement of the market. Experts say rising bond yields, FII outflows from the country and rising cases of corona may continue to dominate in the week starting Monday. However, the market may get support from the new relief package in the US.
Nirali Shah of Samco Securities said that further we may see pressure on the equity market. But the expectation of a new relief package in the US may provide support to the market. He also said that time will tell how many more liquidity infusions the economy needs to stand on its feet. Shah said that investors should keep an eye on the bond yields and the movement of the dollar rupee (USD / INR). We may see some weakness in the rupee against the dollar. Investors who need some money immediately. If they want, they can recover some profits. But long-term investors should remain in the market.
Tomorrow the auto sales figures for the month of February will also come. Experts say that sales of passenger vehicles and tractors can be strengthened. But sales of 2 wheelers may remain sluggish. Tomorrow’s business could see action in Tata Motors, Maruti Suzuki, Eicher Motors, Bajaj Auto, Ashok Leyland, M&M, Hero MotoCorp, TVS Motor.
OPEC is going to have an important meeting on crude production this week. What do OPEC countries decide on this. There will be an eye for the market. Only after this meeting will it be clear what the direction of oil prices will be next.
Economic data point
Apart from this, the market will be eyeing the manufacturing and services PMI data coming this week. This week, another company will enter the market with its IPO. The IPO of Hyderabad-based company MTAR Technologies will open on March 3 and close on March 5. Its price band is Rs 574.
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