Mumbai: Broker street investor Traded trading will look at a host of factors to determine the market trend in the week.
The US tariff-related issues are expected to dominate the factors that will weigh on the investor spirit. In addition, RBI’s decision of interest rate, trade behavior of foreign funds, start of quarterly income season by India Ink, declaration of retail inflation numbers for March and the direction of crude oil prices will also affect the weeks trade when it starts from Monday.
The BSE said that the markets will be closed for Shri Mahavir Jayati on Thursday, April 10. Globally, investors are watching a market recession after the US imposed new tariffs on most of its business partners after the US on Wednesday night.
The decision has shaken the global markets with most major indices in the world in high single digits in percentage terms. The Dow Jones Index has lost 8.7% since the closure on Wednesday while S&M is 9.9% below and Nasdaq Composite has lost 11%. In Asia, Nikkei in Japan has lost 5.4% and in the UK, FTSE is 6.3% below.
Back home, while Sensex is lost 1.6% since Wednesday and is at 75,365 points, the Nifty is 1.8% at 22,904 points. Stocks of industries like Pharma, Auto, Metals, Textiles, Software and James & Jewelery were the most hits in the last few days, mainly because these companies are expected to be the most affected by the US’s new tariff structure. Market players will also monitor the trading patterns of foreign funds, which is not consistent in the last two weeks.
