INSUBCONTINENT EXCLUSIVE:
Last week, both the key Indian equity indices rose for the fourth consecutive week.
Indian rupee's movement against US dollar, direction of foreign fund flows for further cues, crude
oil price fluctuations and stride of monsoon's progress are likely to set the tone of key domestic equity indices- SP Bombay Stock
Exchange (BSE) Sensex and the Nifty 50 in the coming week
According to market analysts, OPEC (Organisation of the Petroleum Exporting Countries) meeting on oil supply and the escalating trade war
3,071.85 crore in the week ended June 15
In terms of investments, provisional figures from the stock exchanges showed that foreign institutional investors (FIIs) sold scrips worth
Rs 5,294 crore, while the domestic institutional investors (DIIs) purchased stocks worth Rs 4,014.25 crore in the same week
OPEC meeting on oil supply
This would help Indian rupee and local bond yield", said Devendra Nevgi, Founder and Principal Partner, Delta Global Partners as reported by
"The trade war tensions have further aggravated between the US and China and US dollar appreciation can dampen the EM (emerging market)
Geojit Financial Services Head of Research Vinod Nair: "Global central banks are on a path to tighter monetary policy which has been
outlined in US FED and ECB (European Central Bank) policy meets
Rupee closed at 68.02 against the US dollar
"Indian rupee is unable to benefit from the decline in oil prices, hawkish US Fed continues to drive the dollar higher," said Anindya
the fourth consecutive week
BSE Sensex rose by 178.47 points or 0.50 per cent to close at 35,622.14 points on a weekly basis
While outcome of Singapore summit was positive, RBI as well as US Fed went ahead with interest rates hikes to take care of rising inflation
CAD (Current account deficit) rose for the previous quarter owing to rising oil prices", said Anita Gandhi, Whole Time Director, Arihant
Capital Market."However, the sentiment was improved with announcement of buy back by TCS and it improved overall sentiment for the
FPIs continued to be net sellers in Indian markets and going forward rising inflation weakening rupee are posing concern for Indian
Equities", she further added
