Stock Market Next Week: Global Cues, FII Flows, Oil Among Key Triggers

Stock markets. (AP Photo/Rafiq Maqbool)

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The Indian Stock Markets for the coming week will be looking at multiple factors driving the companies' shares and indices performance.

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These developments range from West Asia conflict, crude oil prices, and US inflation data. Trading activities of foreign investors and global market trends will also influence domestic equities.

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Last week, the 30-share BSE Sensex declined 749.08 points, or 0.96 per cent, while the 50-share NSE Nifty fell 277.95 points, or 1.14 per cent.

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In the week gone by, the brent crude gained over 8 per cent while WTI crude rose over 9 per cent. The spike in the oil prices came amid renewed US-Iran hostilities and concerns surrounding the Strait of Hormuz.

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Sharp focus of the investors' will be to monitor foreign institutional flows, the rupee, crude oil prices and domestic liquidity.

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A close watch will be on the US jobs data that could influence expectations for the Federal Reserve’s September policy decision.

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Further, at the war front, US military said it carried out strikes on three Iranian crude oil tankers, destroying one, in response to the Islamic Revolutionary Guard Corps’ targeting of two US Navy warships with ballistic missiles.

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The crude oil prices…

Original source: https://www.timesnownews.com/business-economy

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