New Delhi: Stock markets will be guided by foreign investors' trading activity and global trends this week with benchmark stock indices likely to face volatility amid the scheduled monthly expiration of derivatives, analysts said.
Furthermore, factors such as the advance of monsoon and Brent crude oil will also determine investor sentiment during the week.
"This week, sectoral moves are anticipated amid budget-related rumours. Key factors to watch include the progress of the monsoon, which will be closely monitored for its near-term impact on investor sentiment.
"Investors will also closely monitor FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors) fund flows, as well as crude oil prices, to gauge the overall sentiment," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart. Ltd.
On the global front, economic data such as US GDP will be released on June 27, he added.
"Going forward, the focus will remain on budget-related updates and global market signals, particularly from the US," said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
Volatility may be increased by the scheduled expiration of June derivative contracts, he added.
Last week, the BSE benchmark index rose 217.13 points, or 0.28 per cent, while the Nifty rose 35.5 points, or 0.15 per cent.
"Overall, the market is likely to remain stable and consolidate at higher levels in the near term. Budget-related sectors are likely to remain in action," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Shrikant Chouhan, head of equity research at Kotak Securities, said market participants will be keeping an eye on the progress of the monsoon.
"Going forward, focus will gradually shift towards the budget and Q1FY25 earnings," Chouhan added.
Furthermore, factors such as the advance of monsoon and Brent crude oil will also determine investor sentiment during the week.
"This week, sectoral moves are anticipated amid budget-related rumours. Key factors to watch include the progress of the monsoon, which will be closely monitored for its near-term impact on investor sentiment.
"Investors will also closely monitor FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors) fund flows, as well as crude oil prices, to gauge the overall sentiment," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart. Ltd.
On the global front, economic data such as US GDP will be released on June 27, he added.
"Going forward, the focus will remain on budget-related updates and global market signals, particularly from the US," said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
Volatility may be increased by the scheduled expiration of June derivative contracts, he added.
Last week, the BSE benchmark index rose 217.13 points, or 0.28 per cent, while the Nifty rose 35.5 points, or 0.15 per cent.
"Overall, the market is likely to remain stable and consolidate at higher levels in the near term. Budget-related sectors are likely to remain in action," said Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Shrikant Chouhan, head of equity research at Kotak Securities, said market participants will be keeping an eye on the progress of the monsoon.
"Going forward, focus will gradually shift towards the budget and Q1FY25 earnings," Chouhan added.
