![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-415x275.jpg)
RBI’s rate decision, state poll results major factors to drive equity market: Analysts
PTI, Dec 4, 2022, 10:55 AM IST
![](https://www.udayavani.com/wp-content/uploads/2022/12/Stock-market-analysis-Pexels-620x413.jpg)
Representative Image (Source: Pexels)
New Delhi: RBI’s interest rate decision is a major factor that will drive the trends in the equity market this week, while global cues and foreign fund trading activity would also be watched, analysts said.
Market investors would also track the state election results later this week, they added.
”Global cues continue to cause volatility, but this week the market’s focus will shift to domestic cues like RBI policy and state election results. The outcome of the RBI policy is scheduled for 7 December, while the results of Gujarat and Himachal Pradesh assembly elections will come on 8 December,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
On the global front, the US bond yields and the dollar index have fallen sharply, and markets will continue to watch their move from here, Meena added.
From macroeconmic data front, Purchasing Managers’ Index (PMI) data for the services sector is scheduled to be announced on Monday.
Investors would keenly watch for the outcome of Gujarat state election that is due this week, said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
The equity market depicted a positive trend last week as the BSE benchmark jumped 574.86 points or 0.92 per cent.
According to Apurva Sheth, Head of Market Perspectives, Samco Securities, the focus would be on the RBI’s interest rate decision.
”The two immediate triggers — RBI’s credit policy this week and the US Fed meeting in mid-December on the rate front — would determine investors’ mood in the near term,” Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities Ltd, said.
Besides, movement of Brent crude oil price and rupee would also influence trading in the market.
Vinod Nair, Head of Research at Geojit Financial Services, said, market movement will be determined by the outcome of the RBI policy meeting.
”Given the underlying high valuation, Fed policy and stringent Chinese COVID restrictions, the market will remain highly sensitive in the coming weeks,” Nair added.
Deepak Jasani, Head of Retail Research, HDFC Securities, said RBI MPC policy outcome on December 7 will be watched closely for further cues on longevity and sharpness of rate hikes in India.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
![](https://www.udayavani.com/wp-content/uploads/2023/05/IndianClicks_GVega_Udayavani_300x250_12032021_1_1.gif)
Related Articles More
![](https://www.udayavani.com/wp-content/uploads/2024/09/byju-150x84.png)
Byju’s auditor suggested backdating reports; resignation more of optics: Byju Raveendran
![](https://www.udayavani.com/wp-content/uploads/2024/09/Screenshot_2024-09-07-13-22-54-00_40deb401b9ffe8e1df2f1cc5ba480b12-125x115.jpg)
Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders
![](https://www.udayavani.com/wp-content/uploads/2024/09/House-sold-Pexels-150x100.jpg)
Bengaluru sees 19% hike in home sales: Report
![](https://www.udayavani.com/wp-content/uploads/2024/09/BSE_pti-1-150x84.jpg)
Sensex tanks 1,017 pts to close at 2-week low tracking weak global trends
![](https://www.udayavani.com/wp-content/uploads/2024/09/adaniG-150x84.jpg)
Mumbai college rejected him, Adani built $220 billion empire; delivers lecture at same college
MUST WATCH
Latest Additions
![](https://www.udayavani.com/wp-content/uploads/2024/09/Puthige-Sri-1-7-150x97.jpg)
Geethartha Chinthane 30: God is not ‘partial’ but ‘all-encompassing’
![](https://www.udayavani.com/wp-content/uploads/2024/09/Ganesh-Chaturthi-150x105.jpg)
Karnataka ushers in Ganesh Chaturthi with its customary fervour; political tussle over govt’s order
![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-150x99.jpg)
Pakistan Army Chief acknowledges role of Pak army in Kargil war
![](https://www.udayavani.com/wp-content/uploads/2024/09/Infant-1-150x100.jpg)
Kushinagar: Man forced to ‘sell’ son for hospital fee, 5 arrested
![](https://www.udayavani.com/wp-content/uploads/2024/09/CBI-rep-agencies-1-150x113.jpg)
Ex-RG Kar hospital principal had criminal nexus with co-accused for wrongful gains: CBI
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.