Russo-Ukraine war, domestic inflation and important decisions of the Federal Reserve will decide the direction of the stock markets this week

The coming week is going to be very important for the Indian stock market. Markets will remain closed on Friday, March 18, on the occasion of Holi, so this week there will be business for only four days. Analysts expect the Russo-Ukraine war, the US central bank’s decision on interest rates and inflation data on the domestic front will decide the direction of the stock markets this week.

Analysts say that the volatility in the market will continue for now. Santosh Meena, Head of Research, Swastika Investmart told PTI that the FOMC (Federal Open Market Committee) meeting, Russia-Ukraine conflict will be a significant global factor for the market this week. There is still uncertainty about Russia-Ukraine tensions.

The results of the Federal Open Market Committee (FOMC) meeting will be out on March 16. Meena said that amid all this, crude oil prices and the attitude of foreign investors will also be important from the point of view of Indian markets. Inflation data will come on March 14.

Ajit Mishra, Vice President Research, Religare Broking said that it will be a week with less trading sessions. Market participants will react on industrial production (IIP) data on Monday. Similarly, inflation data based on Consumer Price Index and Wholesale Price Index are also to come. The results of the US central bank meeting will be out on March 16. All eyes will be on them.

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Last week, the 30-share Sensex of the Mumbai Stock Exchange (BSE) rose 1,216.49 points or 2.23 per cent. At the same time, the Nifty of the National Stock Exchange (NSE) was up by 385.10 points or 2.37 percent.

Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said. Assembly elections The results are out and now the market will react to other important factors in the near future. The market will now keep an eye on Russia-Ukraine geopolitical tensions, rise in crude oil prices, Reserve Bank’s reaction to inflationary pressure on the economy, etc. The market will remain volatile till these become favourable.

He said volatility of rupee, crude oil prices and foreign institutional investors’ stance will also affect the direction of the market, he added. Yesha Shah, head of equity research at Samco Securities, said the Russia-Ukraine war and the US central bank meeting are important developments for the market this week. Inflation data on the domestic front will also be crucial for the market direction.

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