Russia vs Ukraine clash, China COVID situation is one of the main drivers for markets this week: Analysts – Jammu and Kashmir latest news | Tourism

NEW DELHI, March 20:
Stock markets will be guided by global factors such as the Russian-Ukrainian war, the COVID-19 situation in China and crude oil prices in the absence of major domestic events this week, analysts said.
Stock markets are likely to maintain their winning momentum this week as FIIs may come back aggressively, fueling another market rally, they added.
“In the absence of any major events, global signals namely the Russian-Ukrainian war, the COVID situation in China and the movement of crude will remain in focus. In addition, participants will also monitor the flow of FII to searching for clues,” said Ajit Mishra, Vice President of Research, Religare Broking.
Any news of an escalation in the Russia-Ukraine fight and a worsening COVID situation in China could rattle sentiment again, he added.
“Our markets are in much better shape than most emerging markets and we have seen a strong rally from lower levels. So there could be a feeling of lack among FIIs and they could come back aggressively in the markets. Indians, which could fuel a new rally in our market,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
The market has already priced in that the Russian-Ukrainian issue may end soon, but news flows related to the issue may continue to cause some volatility in the market, he added.
BSE’s benchmark Sensex Index jumped 2,313.63 points or 4.16% in a shortened holiday week last week.
Stock markets were closed on Friday due to Holi.
“As no major domestic events are scheduled, Indian markets will be guided by their global counterparts this week. The situation in Russia-Ukraine will be closely watched.
“Because crude plays such a pivotal role in determining the fate of Indian macro-economies, crude price movements will also be monitored meticulously,” said Yesha Shah, Head of Equity Research, Samco Securities.
Kotak Mahindra Life Insurance Co Ltd, Head – Equity, Hemant Kanawala, said: “We expect markets to remain in a near-term consolidation phase as investors assess global developments and the upcoming domestic earnings season. .” (PTI)