Market Shift: Unpacking the Factors Behind Tuesday's Volatility and What to Expect Next
Ahead of market: 10 things that will decide stock market action on Wednesday
New Delhi, Aug 22: The Indian stock market is expected to see a rollercoaster ride on Wednesday, with a host of key events and data releases set to influence investor sentiment. Here are the top 10 things that will decide stock market action on Wednesday:
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US-China Trade Tensions: The ongoing trade tensions between the US and China will continue to impact global markets. Any further escalation in the trade war could lead to a sell-off in Indian markets.
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RBI Policy Decision: The Reserve Bank of India (RBI) will announce its bi-monthly monetary policy decision on Wednesday. Any changes in interest rates or monetary policy stance could impact bond yields and stock prices.
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GDP Data: The first-quarter GDP growth data will be released on Wednesday. A strong GDP growth number could boost investor sentiment and push stocks higher.
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Auto Sales Data: July auto sales data will be released on Wednesday. Strong sales numbers could boost auto stocks and the broader market.
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Inflation Data: The July inflation data will be released on Wednesday. Any surprise increase in inflation could lead to a sell-off in bond markets and a rise in interest rates.
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Global Markets: The performance of global markets, particularly the Dow Jones and S&P 500, will be closely watched. Any significant moves in these markets could impact Indian markets.
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Oil Prices: Crude oil prices will be monitored closely, as any significant move could impact the economy and stock market.
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Corporate Earnings: The Q1 earnings season will continue on Wednesday, with several large-cap companies set to release their quarterly results. Strong earnings numbers could boost stocks.
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FII Activity: Foreign institutional investors (FIIs) will be watched closely, as any significant buying or selling activity could impact the market.
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Market Sentiment: The overall market sentiment will be key on Wednesday. If investors are risk-on, they may push stocks higher. On the other hand, if they are risk-off, they may sell-off stocks.
Overall, Wednesday's market action will be influenced by a mix of domestic and global factors. Investors are advised to keep a close eye on these factors to make informed decisions.