Indian stock markets are expected to track a host of domestic and global triggers in the holiday-shortened week ahead. The key focus areas will be quarterly earnings, crude oil prices, the proposed Jio Platforms initial public offering (IPO) and foreign investor activity.
\n\nInvestors will also monitor developments in West Asia and movements in the rupee against the US dollar for cues on market direction.
\n\nDevelopments in West Asia and the rupee-dollar trend would be tracked by investors.
\n\nDr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “FIIs continued their selling spree in October with total selling of Rs 54636 crores through 16th October. This is higher than the total selling in September. However, they have reduced the selling intensity during the last few days and turned marginal buyers on 16th. This brief change in the FII stance is likely to be more tactical than structural."
\n\n"The marginal decline in the US 10-year yield from above 5.3% to 5.08% and the strengthening of the rupee against the dollar to below 95 are the significant factors responsible for the temporary change in FII stance."
\n\nFIIs continued selling in financials and oil and sectors. But even while selling in these segments…
Original source: https://www.timesnownews.com/business-economy
