US-China trade talks will decide the direction of stock market- Investments by foreign portfolio investors, US-China trade talks and oil and rupee movements will decide the direction of domestic stock markets this week. Experts say that steps are being taken by the government to take steps to speed up the economic growth of the investor and reinvigorate customer perception.
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Jaimie Modi, founder, and CEO of SAMCO Securities and Stocknote said, “The period of release of corporate results has ended and the quarterly earnings figures of most companies have not been satisfactory.” The economy is in the grip of softening and companies do not have much to do to gain strength in this quarter and now many things are dependent on the steps were taken by the government.
Ajit Mishra, vice-president, research division, Religare Broking Ltd, said, “The time to release the earnings figures of the companies has expired and there is no aspect affecting the market domestically. Now global developments are expected to set the direction. Investors will keep an eye on the progress of US-China trade talks, crude oil, and rupee/dollar movement.
Experts say that investment sentiment is being affected by the economic slowdown, loss in corporate earnings, the crisis related to the auto industry and issues related to global trade. Mustafa Nadeem, CEO of Epic Research, said, “Nifty will be eyeing global signals this week as there are a lot of developments happening.” Trade talks between US President Donald Trump and Chinese President Xi Jinping are expected in September. “The Sensex lost 231.58 points, or 0.60 percent, last week.