Mumbai38 minutes ago
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The stock market is estimated at a boom this week. From retail and wholesale inflation figures to industrial production and foreign investment, the market will be watching the market. The market may open up on Monday after the results of the Delhi election on Saturday.
5 factors who will decide the market move this week …
1. Retail and wholesale inflation: Retail inflation figures of January will be released on February 12, which will be an eye on the market. Retail inflation rate in December came to a 4-month low of 5.22% due to food and drink items. Inflation was at 5.48% in November.
The wholesale inflation figures of January will be released on 14 February. In December, wholesale inflation increased to 2.37%. Earlier in November it was at 1.89%. Prices were increased in potato, onion, eggs, meat-fish and bulk of fruits.
2. Industrial Production Data: IIP data will be released on 12 February. In November, IIP increased to six months highest level to 5.2%. It was 3.7% in October. The reason for the increase in IIP was manufacturing, capital goods and consumer durables were rapidly featured with a face effect.
The 78% stake in IIP is the manufacturing sector. Manufacturing, ie what is made in industries, such as vehicles, cloth, steel, cement. Manufacturing growth in November reached an eight -month high of 5.8%. It was 4.4% in October and 1.3% in November 2023.
3. BJP Government in Delhi: Results of 70 seats of Delhi Assembly came on Saturday. The BJP won a clear majority after 26 years. BJP won 48 seats and Aam Aadmi Party (AAP) won 22 seats. The BJP's victory leads to a positive atmosphere in the market.
According to Vijaykumar, the Chief Investment Strategist VK Vijaykumar of Geojit Financial Services, the market sentiments are slowly improving due to the cut in the best budget and interest rates. At the same time, BJP's victory in Delhi elections is likely to be positive impact on the market in short term.
4. Domestic and foreign investors: Foreign institutional investors (FII's) have so far sold Rs 10,179.40 crore in the cash segment. At the same time, domestic institutional investors DII's purchased shares worth Rs 7,274.05 crore during this period.
Earlier in January, foreign institutional investors in the cash segment sold Rs 87,374.66 crore. At the same time, domestic institutional investors bought shares worth Rs 86,591.80 crore during this period. Foreign investors have been a net seller for 4 consecutive months.
5. IPO and Listing: In the mainboard segment, Ajax is about to open for engineering, hexaware technologies and quality power subscription.
- The IPO of Ajax Engineering will open on February 10 and will close on 12 February. Its price band is ₹ 599 to ₹ 629 per share.
- The IPO of Hexavier Technology will open on February 12 and will close on 14 February. Its price band is ₹ 674 to ₹ 708 per share.
- Quality Power IPO will open on February 14 and will close on 18 February. Its price band has not been announced yet.
