Next Week : market be on Monday

This week, the Indian stock market will be open for trading for four days instead of five. The stock market will remain closed on Thursday on the occasion of Independence Day. This week too, domestic investors will keep an eye on the market movements around the world. The market will react to the quarterly results of many companies. Investors will also keep an eye on the inflation figures.

There has been instability in the stock market across the world for some time now. The Indian market is also not untouched by this. It has seen huge fluctuations during the last few trading sessions. Fear of recession in America, rising interest rates in Japan and high valuation of the domestic market were the main reasons for the fluctuations.

This week, the stock market will trade only for four days. There will be no trading on Monday on the occasion of Independence Day. Last week, the BSE Sensex slipped 1,276.04 points or 1.57 percent. On the other hand, the NSE Nifty fell 350.2 points or 1.41 percent. Due to the closure of yen carry trade and fears of recession in America, the stock market around the world plunged last week.

Vodafone, IRCTC quarterly results

Most of the financial results of the first quarter of FY 2024-25 have disappointed investors so far. This is the reason why the shares of many companies including the railway sector are seeing a big decline. This week also the results of some big companies like Hero MotoCorp and Hindalco are going to come. Vodafone Idea, IRCTC, SJVN and PC Jeweller will also announce their quarterly earnings during the week.

Inflation data will also be on focus

Industrial production data for June and retail inflation rate for July will be announced on Monday. Retail inflation data based on wholesale price index will be released on Wednesday. Vinod Nair, Research Head of Geojit Financial Services, says that the inflation data coming this week will decide the direction of the global market.

What is the opinion of the experts

'This week investors will focus on global markets. Markets around the world remained stable for a long time and now some correction is being seen in them. Domestic markets may also struggle to maintain their current levels this week. Apart from the high valuation of the market, increasing geopolitical tensions are also a big challenge for the market.'