Russian-Ukrainian issue, Fed rate decision crucial factor for Indian markets – Newsfeeds.media

The movement of the Rupee, Brent and foreign institutional investors would also be crucial for the equity market.



Last week, the Sensex jumped 1,216.49 points or 2.23%, while the Nifty advanced 385.10 points or 2.37%. — Stock photo

By PTI

Published: Sun 13 March 2022, 17:03

The Russia-Ukraine issue, the US Fed’s interest rate decision and the release of domestic inflation data are some of the major factors that will boost equity markets in a holiday-shortened week. , analysts said. Market experts believe equity markets are likely to remain volatile until existing headwinds subside.

“The FOMC meeting and the Russia-Ukraine issue will be key global factors this week. There are still uncertainties on the Russian-Ukrainian issue as we will have an important Federal Open Market Committee (FOMC) meeting on March 16th.

“Overall, crude oil prices and FII behavior will be important triggers to boost the Indian market in a truncated week. On the home front, we will have our inflation figures which will be announced on March 14,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

Equity markets would remain closed on Friday for Holi.

“This week is a shortened week and participants will first react to the IIP data on Monday. On the same day, CPI inflation and WPI inflation are also scheduled. Fed policy on March 16 will be closely watched,” said Ajit Mishra, vice president of research, Religare Broking.

Last week, the Sensex jumped 1,216.49 points or 2.23%, while the Nifty advanced 385.10 points or 2.37%.

“With the election results, stock markets will move on to more important near-term issues – the Russian-Ukrainian geopolitical dispute, US Fed rate hikes, high crude oil prices and RBI’s response to pressure. rising inflation in the economy. We expect the markets to remain volatile until the existing headwinds subside,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

The evolution of the rupee, the Brent and foreign institutional investors would also be decisive for the equity market.

Yesha Shah, head of equity research at Samco Securities, said: “With the ongoing war, the conclusion of the Fed’s March FOMC meeting will be the main focus this week. For us, the domestic inflation rate would be the crucial parameter having an impact on market sentiment at the start of the week. — PTI