Advertisement
trendingNowenglish1872002https://zeenews.india.com/business/news/finance/stock-market-looks-to-rbi-policy-for-cues_1872002.html

Stock market looks to RBI policy for cues

 Outcome of RBI policy review on Tuesday, foreign fund inflow trend and quarterly earnings expectation will set the tone for the stock market this week, say experts.

Stock market looks to RBI policy for cues

New Delhi: Outcome of RBI policy review on Tuesday, foreign fund inflow trend and quarterly earnings expectation will set the tone for the stock market this week, say experts.

"Rate cut and earnings expectations to dominate trading sentiments this week. The next big event for investors is the RBI monetary policy review. RBI will announce the first bi- monthly monetary policy for 2016-17 on Tuesday.

"Hopefully, the upcoming monetary policy will provide the needed trigger for next directional move," said Vijay Singhania, Founder-Director, Trade Smart Online.

Apart from rate-cut expectations, investors will now also start building up expectation for the March 2016 earnings, he said.

BHEL is scheduled to announce its tentative financial result for the year ended March 31, on Thursday.

"The key event for the market is monetary policy review from Reserve Bank of India. Outcome of RBI's monetary policy, trend in global markets, investment by foreign investors, movement of crude oil prices will dictate trend of the market in near term," said Rohit Gadia, Founder & CEO, CapitalVia Global Research.

Also, Purchasing Managers' Index (PMI) data for services and manufacturing sectors are due this week, which would have a bearing on trading.

Meanwhile, snapping the four-week gains, the market ended with minor losses as the BSE benchmark Sensex fell 67.92 points to close at 25,269.64, while the NSE Nifty ended on a flat note slipping by a marginal 3.45 points and managed to hold the crucial 7,700-level. 

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK