Russian attacks on the Macroeconomic Signal of Ukraine and India will dominate the Indian stock market this week, suggest analysts. While the Russian War in Ukraine has reached Kyiv, the release of GDP estimates on February 28 and PMI data for the manufacturing sector and services will also establish a market atmosphere. In addition, automatic companies will also release monthly sales numbers at the beginning of the month.
“With the income season behind us and given the whole sentiment, the market is expected to move synchronously with global colleagues in the coming week. A close eye will be stored on developments in the Russian crisis – Ukraine and considering inflation overhang, market participants will also observe price movements Energy, “Shrikant Chouhan, Head of Research in Equity (Retail), Securities Box Ltd, told the PTI news agency.
For the near future, experts think volatility will remain high. “The market will keep close the meeting on the Russian – Ukrainian conflict that is ongoing during the weekend for further cues. For the near future, the low Thursday 16200 can act as strong support. While traders must remain cautious with sharp volatility, investors can Use the current DIP to gradually add to the blue-chip company in their portfolio, “said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, told the news agency.
Stock market situation
After seven consecutive days down, Indian equity has rallied on Friday, each up more than 2 percent, due to Western sanctions against Russia, after his attack on Ukraine, quitting the loudest steps.
Global equity also advanced but US futures was lower because Russian forces pressed into the capital of Ukraine Market benchmarks rose in London, Paris, Tokyo and Shanghai but fell in Hong Kong. Russian shares rose 15 percent, rebounded after swooping on Thursday as the Ukrainian invasion began.
Back home, Sensex rose 1,328.61 points, or 2.4 percent, to end the day at 55,858.52, while Nifty rose 410.40 points to 16,658.40 In Nifty, Indian Coal, Tata Motors, Steel Tata, Ports Adani and Bank Indusind are the main enhancer, while Britannia Industries, Nestle India and Hindustan Unilever Ltd. Is the worst hit All sectoral indices end higher, with PSU banks, strength, metals and realty indices up 4-6 percent. Horses and Smallcaps rose 4 percent each.
Russia targets airfields, fuel facilities in Ukraine
Globally, the Russian invasion to Ukraine will dominate the market, the main energy price with Putin Russian forces specifically targets airfield and fuel facilities. The impact of UE and US sanctions for Russia will also affect investor sentiment “While developments in front of Russia-Ukraine will continue to affect the direction of the market, the resumption of supply disruptions and inflation of commodities will hurt a lot of economics when they begin to restore the threat of Omicron’s post,” Deepak Jasani said, “Deepak Jasani said,” said Deepak Jasani, ” Deepak Jasani said, “said Deepak Jasani,” said Deepak Jasani, “Retail Research Head, HDFC Securities.