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News Topical, Digital Desk : Stock Market Action: Last week, US markets saw a sharp decline. Nasdaq fell 3.56 percent, S&P 500 fell 2.71 percent, and Dow Jones fell 1.90 percent. Now, all eyes are on the Indian stock market. Analysts say this could impact the opening moves of Indian markets. Last week, the Sensex rose 1,293 points and the Nifty 391 points, but investors are now watching to see if this rally will continue this week or if global pressure will halt the market.
These factors may impact the stock market from tomorrow.
The Indian stock market will be influenced by several key domestic and international events in the week beginning October 13th. According to analysts, renewed tariff tensions between the US and China, domestic inflation data, and quarterly results from major companies will determine the market's movement. Ponmudi R., CEO of Stock Market Triggers Enrich Money, said that the market's direction will depend on a mix of domestic cues, global economic trends, and corporate earnings. The rekindling of the US-China trade war could impact investor risk sentiment and lead to dollar outflows from emerging markets.
Quarterly results and inflation data will also have an impact! Ajit Mishra, SVP at Religare Broking, said that results from several major companies are due this week, including HCL Tech, Infosys, Wipro, Tech Mahindra, LTIMindtree, Axis Bank, and Reliance Industries. Additionally, CPI data will be released on October 13th and WPI data on October 14th, which will influence market sentiment. Santosh Meena, Senior Analyst at Swastika Investmart, said the market will also be closely watching US Fed Chair Jerome Powell's speech on October 14th, as his signals could determine the direction of interest rates and inflation.
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