Stock market traders will keep an eye on these important points in the coming week

The benchmark index of the stock market registered a rally for the second consecutive session on June 25 amid volatility and was one percent gainer on a weekly basis. The Sensex closed 226.04 points or 0.43 per cent higher at 52,925.04 and Nifty gained 70 points or 0.44 per cent at 15,860 points.

Nifty Bank, Metal and PSU Bank indices gained 1-2.5 per cent, while BSE Midcap index gained 1 per cent and Smallcap index gained 0.4 per cent.

Ajit Mishra, VP (Research), Religare Broking said, “Benchmark indices are close to record highs due to pick-up in economic activities, opening of lockdown in states and pace of vaccination. may have an effect.”

These points will be important for the market in the next week

corona virus and vaccination

About 40 million vaccines have been administered in the country this week and this is the highest weekly figure so far. According to the data released on Saturday by the Health Ministry data, the total number of corona infections increased by 48,698 in a day, taking its total number of cases to 3,01,83,143.

However, the positivity rate has come down to 2.97 percent.

Experts say that if the third wave of corona comes, it is not likely to cause much damage because it has already spread a lot in the country.

listing

Dodla Dairy and Krishna Institute of Medical Sciences (KIMS Hospitals) are to be listed on the stock exchange on June 28.

Dodla Dairy’s offer for subscription closed on June 18 and has been oversubscribed 45.62 times. The company has raised Rs 520.17 crore through public issue.

The public offer of KIMS Hospitals was open from June 16-18 and has been oversubscribed by 3.86 times.

automobile sales

Automobile companies can see a stir in the coming week as their monthly sales figures are to come on July 1. Due to this, the sales of these companies had increased well due to high demand in the last month.

Nirali Shah, Head Equity Research, Samco Securities, said, “Automobile sales data in June would indicate an improvement in sentiment for investors. It should be noted that the market has already incorporated recovery in volumes.”

Manufacturing PMI

The Nikkei Market Manufacturing PMI data will be presented on July 1. Last month, the manufacturing activity of the country came to a halt due to the resurgence of corona cases and restrictions imposed in many states.

Earnings

In the last phase of quarterly results, over 700 companies listed on BSE will declare their March quarter results in the coming week. These include SpiceJet, Hindustan Motors, Suzlon Energy, Suntec Realty, Subros, Syntex Industries and Rail Vikas Nigam, Gammon and MEP Infrastructure Developers.

FII Sailing

Foreign investors were net sellers in the cash segment of the stock markets last week. They sold equities worth Rs 2,685.9 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 4,729.17 crore.

technical point of view

In the short term, the trend looks mixed. The bulls can register a breakout above 15,900 on closing basis which is likely to continue the rally. In such a situation, a range breakout target of 16,300 can be guessed as Nifty is currently looking in the consolidation range of 15,500-15,900.

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