Global trends, FIIs investment pattern to direct market this week: Analysts

With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said

BSE
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
Press Trust of India New Delhi
2 min read Last Updated : Aug 21 2022 | 12:59 PM IST

With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said.

"This week we have the August month F&O expiry where bulls are looking for rest after a gain in the August series," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

"There are not a lot of triggers but global cues, August month F&O expiry, and FIIs' behaviour will be important factors in the direction of the market," he noted.

With the quarterly earnings season coming to an end, markets' focus would also move to the movement of the international oil benchmark Brent crude, apart from China-US geopolitical tensions and the Russia-Ukraine conflict.

"This week, the scheduled derivatives expiry will keep participants busy. Besides, global cues especially from the US and figures of foreign flows will remain on the radar. Markets may witness consolidation after five weeks of successive rise and it would be healthy," said Ajit Mishra, VP - Research, Religare Broking Ltd.

In the holiday-shortened last week, the Sensex climbed 183.37 points or 0.30 per cent and the Nifty gained 60.30 points or 0.34 per cent.

Apurva Sheth, Head of Market Perspectives, Samco Securities, said there are no significant macroeconomic events taking place this week, thus focus of the market will be on the FII (Foreign Institutional Investors) trend and Brent crude.

"Over Rs 18,500 crore have been invested by FIIs thus far in August owing to their buying frenzy. The latest rally has been greatly aided by the ongoing FII buying. The market will be closely monitoring this trend because any reversal could cause a temporary blip," Sheth added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Market newsFII flowsGlobal Markets

First Published: Aug 21 2022 | 10:25 AM IST

Next Story