The stock market is always known for it’s surprises. However, everyone prefer to get good surprises. Off lately, Indian markets such as BSE and NSE have surprisingly, traded sideways during the period from June 18, 2018, to June 22, 2018. Both benchmark indices Nifty50 and Sensex gained 22 points and 141 points, respectively, during the same period.
However, experts still have no concrete reason for such growth but some consider that the global economic scenario and unstable relations between the world’s leading economy with other developing countries have made a lot of impact on the recent fluctuations of the stock markets. But last week we all have witnessed some level of stability among the world leaders.
Despite, the re-ignition of the tariff war between the US and China and the political turmoil in Jammu & Kashmir, volatility still remained elusive from the Indian markets. Secondly and very importantly, oil prices in the global markets have been influential in every stock markets including BSE and NSE.
However, in the coming week, the movement in the capital markets may depend on the outcome of the OPEC meeting. The capital markets of India are looking forward to hearing from the OPEC meeting especially after a clear Indian perspective which is been communicated by the Indian policymakers.
Come what may, Monday will be the start of new week and will be going to have something really interesting. So, let’s stay positive and just keep the faith.