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RBI’s monetary review meeting will be held next week, know whether Sensex-Nifty will rise? – News

Stock Market Update: If you have also invested money in the stock market, then know how the business will be in the market next week? Will buying come in Sensex-Nifty… Let us tell you this week there will be a meeting of RBI’s monetary review policy. The results of this meeting will be released, whose direct impact will be seen on the stock market.

Global signals will also have an effect
Apart from this, market participants will also keep an eye on Globus signal, foreign reserve’s trend and crude oil prices. Experts have expressed this opinion.

Recently there has been a slight improvement in the market
Experts say that the market has seen improvement recently, but it is not looking strong yet. The reason for this is the tightening of the policy stance at the global level amid rising inflation and geopolitical tensions.

Will be announced on June 8
Santosh Meena, Head of Research, Swastika Investmart said, “The Reserve Bank’s monetary review, global macro data and crude oil prices will decide the market’s move this week. The results of the Reserve Bank’s monetary review meeting will be announced on June 8. The increase in policy rates is considered fixed by the Reserve Bank, in such a situation, what is the ‘comment’ of the central bank, it will have to be seen. The industrial production (IIP) figures will come after the close of business on June 10.

America will release unemployment figures
Meena said that on the global front, the US unemployment claims figures are to come on Thursday and the Consumer Price Index data on Friday. These will be very important from the point of view of the global market.

Crude oil rates will also have an effect
He said that crude oil prices are still high. If these do not come down, then it may affect the market sentiment. Apart from this, Foreign Institutional Investors (FIIs) are still selling. However, now its speed has slowed down a bit. Meena said that if the rupee weakens sharply in the price of crude oil, then their selling may increase further.

Know what is the opinion of experts?
Last week, the BSE 30-share Sensex was up by 884.57 points or 1.61 per cent. Ajit Mishra, Vice President – ​​Research, Religare Broking said, “Quarterly results season is over. In such a situation, now everyone’s attention will be on the meeting of the Monetary Policy Committee. This meeting is to be held from 6-8 June. The market is already gearing up for another hike in policy rates. Everyone’s attention will be on the Reserve Bank’s comment amid the forecast of favorable monsoon.

He said that apart from this, all eyes will be on the performance of global markets and the price of crude oil. On the macroeconomic front, the market participants will keep an eye on the IIP data coming on June 10.

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