Stock Market: Tomorrow i.e. on Monday, the stock market will be based on many domestic and global triggers. Auto companies are going to release their sales figures. Apart from this, business updates will be released for the second quarter. Also, the market will focus on the primary market and investor data.
Last week, the US Federal Reserve cut interest rates by 50 basis points, which has led to a rise in the Indian markets as well. Activity was seen in the banking, financial, auto, and real estate sectors while the metal and power sectors remained strong. However, some pressure was seen on IT and export-related stocks. However, after the results of Accenture, expectations of a rise in Indian IT stocks have also increased.
What will be the key triggers for the markets this week?
1. Global Market Signals
Last week, China's central bank announced a rate cut and the government there announced an economic relief package. After this, China and Hong Kong markets saw a boom,, and commodity prices also increased. The US market is also in a positive trend. In such a situation, next week the market will keep an eye on global markets and macroeconomic conditions.
2. Crude oil prices
International crude oil prices have seen a jump on Friday. However, they remained under pressure every week. In the international market, the price of Brent crude oil is $ 71.89 per barrel and the price of WTI crude oil is $ 68.18 per barrel.
3. FII and DII data
In September, foreign institutional investors (FIIs) made net purchases of Rs 22,403.72 crore in the cash market, while domestic institutional investors (DIIs) made net purchases of Rs 24,211.50 crore.
4. Corporate Action
Next week, we will see corporate activity in many stocks. ADS Diagnostics, Excelya Solutions, and KPI Green Energy have ex-dividend dates on September 30. Apart from this, the pre-split and ex-bonus dates of some stocks will be next week.
5. Primary Market Action
In the mainboard segment, IPO subscription for Hyundai Motor and Afcons Infrastructure is expected to open soon. However, the dates are yet to be announced. Diffusion Engineers IPO is open till Monday. Apart from this, three new IPO subscriptions will open in the SME segment.
6. Listing
Shares of Manba Finance will be listed on NSE and BSE on Monday, while shares of KRN Heat Exchanger will be listed on October 3 and Diffusion Engineers on October 4.
--Advertisement--