Stock Market: Volatility will remain in the stock market this week due to mixed signals, these factors will dominate, know here

In order to control inflation, the volatility in the Indian markets will remain due to the possibility of continuous increase in interest rates by the Federal Reserve of America. Foreign institutional investors who have become net buyers on a small scale will also be monitored.

Stock Market: The direction of the stock markets will be decided this week by the trend of global trends and foreign funds. Due to the holiday of Holi (Holi 2023), the business days of the week have reduced. BSE and National Stock Exchange (NSE) have declared a holiday on March 7 on the occasion of Holi. However, ANMI, an organization of stock brokers, has requested the government, stock exchanges and SEBI to give Holi holiday on March 8 instead of March 7.

Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd said, "Indian markets will remain volatile amid fears of a continuing interest rate hike by the US Federal Reserve to control inflation." Foreign institutional investors who have become net buyers on a small scale will also be monitored.

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He told that globally the macroeconomic data of America is to be released on March 10, the Bank of Japan is also going to decide on the interest rates. At the same time, the data of India's industrial production at the domestic level will also be released on 10 March. Market investors will also keep an eye on the fluctuations of the rupee against the US dollar and also on Brent Crude Oil.

Volatility will remain in the market amid mixed signals

Ajit Mishra, vice-president of technical research at Religare Broking Limited, said, "The trading days have reduced this week due to Holi festival. We expect volatility to remain high amid mixed signals. Participants are waiting for the industrial production data which will be released on March 10. Apart from this, he will also keep an eye on the performance of global indices, especially the American markets.

Sensex climbed 0.58% last week

Last week, the BSE Sensex had gained 345.04 points or 0.58%. Despite the high volatility, the markets closed with gains on Friday. The 30-share Sensex closed at 59,808.97 on Friday, up 899.62 points or 1.53%.