The stock market may see a boom next week. The market will keep an eye on domestic economic data, BOE meeting, global economic data, FII-DII flow and upcoming IPO. However, the market will be closed on the first day of the business week i.e. Monday (17 June) due to Bakri Eid holiday. Here we are telling about such factors, which will decide the market movement in the next business week starting from 18 June… 1. Domestic Economic Data Talking about domestic economic data, HSBC India will release PMI manufacturing, composite and services data for June on 21 June, which the market will keep an eye on. 2. BoE meeting Central banks around the world are thinking of joining the trend of global interest rate cuts. Important decisions are expected from advanced economies like UK and Australia this week. Motilal Oswal Financial Services Retail Research Head Siddharth Khemka said, ‘Domestic markets will remain closed on Monday, while at the global level, investors will keep an eye on the Bank of England’s decision regarding interest rates.’ The Bank of England, facing upcoming elections and ever-increasing price pressure, may delay interest rate cuts at least until August. Similarly, Australia and Norway are also in no hurry to cut interest rates, while economists suggest that the Swiss National Bank may hold off on further cuts after the last move in March. Monetary policies vary at the global level, with Brazil and Paraguay expected to maintain interest rates, while Chile may ease interest rate cuts. 3. Global Economic Data Investors will keep an eye on US retail sales, industrial production for May, initial jobless claims for the week ended June 14, SP global manufacturing for June and service PMI flash. Apart from this, the market will also keep an eye on the sales of existing homes for May, while next week investors will also focus on the UK BoE interest rate decision. 4. FII-DII Flow Next week, the market will keep an eye on the activities of Foreign Institutional Investors (FII). After being net sellers since the beginning of May, FIIs have become buyers for some time. In the last 5 sessions, FIIs have bought more than Rs 10,000 crore in Indian equities. In May, FIIs sold shares worth about $3 billion and in June so far, they have sold shares worth about $624 million. At the same time, Domestic Institutional Investors (DII) maintained strong investment and bought about Rs 6000 crore last week and have bought a total of Rs 2.17 lakh crore so far this year. Experts believe that if the market falls, DII and retail investors will adopt the strategy of buying on dips. The market may remain positive due to continuous investment in mutual funds and retail investors buying during the fall. 5. Initial Public Offering (IPO) Next week, three mainboard IPOs worth Rs 1087 crore will open. DEE Development IPO worth Rs 418 crore will be open for subscription from June 19 to June 21. Its price band has been fixed at Rs 193-203 per share. Acme Fintrade India’s Rs 121 crore IPO will also open on June 19 and close on June 21. Apart from this, Stanley Lifestyle IPO worth Rs 369 crore will open on June 21 and close on June 25. Sensex rose 0.57% in the last week Sensex rose 0.57% in the entire last trading week. Nifty also rose 0.28%. On the last trading day of the week, Friday, June 14, the stock market saw a rise. Nifty had made a new all-time high Nifty had made a new all-time high. During trading, it touched the level of 23,490. However, after this Nifty came down slightly and closed at 23,465 with a gain of 66 points. At the same time, Sensex had a gain of 181 points, it closed at 76,992. It had a decline of 200 points in the morning. Out of 30 Sensex stocks, 15 saw a rise and 15 saw a decline. Midcap-Smallcap also at all-time high BSE’s midcap and smallcap index also reached an all-time high. During trading, the midcap index made a high of 46,088. At the same time, smallcap reached the level of 51,259. The auto sector had the maximum rise of 1.30%.
