शेयर बाजार में इस हफ्ते तेजी की उम्मीद: GDP आंकड़ों से लेकर रिलायंस की AGM, 5 फैक्टर्स तय करेंगे बाजार की चाल

The stock market is expected to remain bullish this week. From India and America’s GDP data to Reliance Industries’ AGM and other events, the market’s movement will be decided.

Last week, the Sensex rose 0.81% and the NSE Nifty rose 1.15%, while the Nifty Midcap 100 index rose 1.6% and the Nifty Smallcap 100 index rose 3.50%.

The market movement will be decided by five factors:
1. India’s June quarter GDP: The first quarter data for 2024-2025 will be released on August 30. Economists expect GDP to be in the range of 6-7% in the April-June quarter. GDP was 7.8% in the March quarter.

According to experts, contraction in government capital expenditure and decline in urban consumer confidence may impact growth. The Reserve Bank of India has already lowered its growth forecast for Q1FY25 from 7.3% to 7.1%.

2. Reliance Industries AGM: Reliance Industries, owned by billionaire Mukesh Ambani, will hold its 47th Annual General Meeting on August 29 at 2:00 pm. The stock gained 1.47% during the past week. It is expected to rise this week. The uptrend continues.

In this meeting, the IPO of Reliance Jio Infocomm as well as Reliance Retail can be announced. Discussions have been going on about this for a long time. Apart from this, the stock market will also focus on the update on the company’s future plans regarding news energy business.

3. US GDP figures: The second estimate of US GDP for Q2-CY24 will be released on August 29. Earlier, in the first estimate published in July, GDP grew at the rate of 2.8%. At the same time, GDP grew at the rate of 1.4% in Q1-CY24.

Apart from the US GDP data, investors will also keep an eye on weekly job data, core PCE price index and real consumer spending data. PCE rose 0.2% in June. This is the Federal Reserve’s preferred gauge to measure underlying inflation.

4. IPOs of nine companies will come: The primary market will see a lot of action this week, with nine IPOs hitting the broker street and 8 companies making their debut on the stock market. Three initial public offerings will be from the mainboard and 6 will be in the SME segment.

The shares of Interarch Building Products will be listed on BSE and NSE on August 26. The shares of Orient Technologies will be listed on the stock exchanges on August 28.

5. Foreign and domestic investors: Last week, there was selling pressure from foreign institutional investors (FIIs) in the cash segment. Last week, FIIs sold shares worth Rs 1,609 crore, taking the total monthly outflow to Rs 30,586 crore in August.

Domestic institutional investors (DIIs) are supporting the market by buying on every dip. DIIs bought shares worth Rs 13,020 crore last week. For the entire month, this purchase has increased to Rs 47,080 crore. That is, FIIs are net sellers and DIIs are net buyers.