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Markets Ahead: Investors To Remain Wary About US Tariffs, See What Else Will Impact Trading

The experts shared that fluctuations in the currencies and movements of global oil benchmark, Brent crude, will also be keenly observed in the week.

Foreign investors’ outlook towards Indian markets, global market trends, and updates on the tariffs expected from the US will be key factors investors will be on the lookout for in the coming week, analysts noted.

The experts shared that fluctuations in the currencies and movements of global oil benchmark, Brent crude, will also be keenly observed in the week. The markets are expected to see a shortened trading week ahead as stock exchanges will remain closed for trading on Wednesday to celebrate the festival of ‘Mahashivratri’. 

Elaborating on the outlook for equity markets, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, noted, “This week, we expect Nifty to remain in consolidation mode; tracking the mixed global market cues, US trade policy announcements and geopolitical developments with regards to the Russia-Ukraine war.”

Major economic indicators scheduled for the week include the GDP growth rate data from India and the Core PCE Price Index from the US, reported PTI. Vinod Nair, Head of Research, Geojit Financial Services, pointed out that the mood remained cautious in the market, ‘with pessimistic sentiments likely to linger until there is a marked improvement in corporate earnings and a conducive environment with easy global liquidity and stabilised currency’.

Also Read : Gold Rate Today (February 23): Check Out Gold Prices In Delhi, Mumbai, Bengaluru, Ahmedabad, More Cities

Markets Last Week

Notably, the equity benchmark indices tanked majorly last week. The BSE Sensex suffered a loss of 628.15 points or 0.82 per cent, while the NSE Nifty50 took a hit of 133.35 points or 0.58 per cent.

The combined market valuation of eight of the top-10 most valued firms declined by Rs 1,65,784.9 crore last week. The biggest hit was recorded by Tata Consultancy Services (TCS) which saw a decline of Rs 53,185.89 crore to reach Rs 13,69,717.48 crore. 

However, the market capitalisation of Reliance Industries climbed by Rs 14,547.3 crore to reach Rs 16,61,369.42 crore, and remained most valued firm followed by TCS. 

Shrikant Chouhan, Head - Equity Research, Kotak Securities, added that concerns about reciprocal tariffs continued to drive the mood in global and domestic equity markets.

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