This week, signals from the foreign market will determine the movement of the domestic stock market. The market will keep an eye on the progress towards resolving trade issues, especially between the US and China. On the other hand, the trend towards investment of foreign portfolio investors and domestic institutional investors will also give direction to the market. Apart from this, the direction of the market will also be determined by the price of crude oil in international market and the movement of rupee against the dollar. In the international market, the price of crude oil went to a high of almost two months last week.
This week, signals from the foreign market will determine the movement of the domestic stock market.
Due to the rise in the price of crude oil, the rupee may become weak, which will have an impact on the stock market. There was an improvement in the domestic currency at the end of last week. The winter session of Parliament starts on Monday. During this time, investors will also keep an eye on political developments. Due to the confrontation between the US and China on business issues, there is a world of recession. Therefore, the progress towards resolving the conflict between the two big trading partners of the world will create a positive environment in the market.