Top factors that will influence the Indian stock markets on Monday

In the global markets, investors appeared worried about US Fed’s indication to raise interest rates sooner than earlier anticipated.

The Indian share market indices- Sensex and Nifty are expected to open in negative territory on Monday as SGX Nifty i.e., the trade of Indian Nifty at the Singapore stock exchange fell by around 190 points in the early morning.

Last week, the BSE Sensex had closed at 52,344.45 points after gaining 21.12 points through the day. The 30 share index Nifty, fell by about 8 points on Friday to close at 15,683.40. The Nifty formed a hammer pattern on the charts.

In the global markets, investors appeared worried about US Fed’s indication to raise interest rates sooner than earlier anticipated. All 3 major indices on the US stock markets closed in red on Friday. The Dow Jones dropped down 1.58% while the Nasdaq Composite and S&P 500 fell by 0.92% and 1.31% respectively.

Here is a list of top factors that will influence the direction the Indian stock markets take on the first day of the week:

Job postings decline by 2% in May, IT sector rebounds quickly

According to a report by job portal SCIKEY, overall job postings in the country declined by 2% during the pandemic affected month of May. However, with increased adoption of digital technologies and remote work across different sectors, jobs in IT rebounded quickly with demand for positions like software developer, cloud and data engineer and DevOps increasing by 12-16%.

SEBI issues new guidelines

The markets regulator SEBI on Friday came up with two new guidelines. The body announced a framework for investment adviser administration and supervisory body. SEBI also bought in a guideline regarding mutual fund schemes taking part in interest rate swap.

FII & DII activity

On Friday, foreign institutional investors were net buyers as they purchased shares valued at Rs 2,680.57 crore.  On the other hand, their domestic counterparts net bought shares valued at Rs 446.20 crore.

Quarterly results

On Monday, several listed companies will be revealing their results for the quarter ending in March 2021. The major ones include- Oil India, Info Edge, MM Forgings, GPT Infraprojects and Bharat Dynamics.

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