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Markets Next Week: Covid Cases, Global Cues The Key


Benchmark indices once again ended the week higher, making it four weekly gains out of five. Global cues were also not too bad, which helped sentiments. However, going into the next week volatility is unlikely to decrease.

Rising covid cases may limit gains

On Saturday, India reported another record number of cases of nearly 16,000 Covid-19 related infections. This is certainly not good news, given the fact that the number of Covid 19 cases have now crossed the 4,00,000 mark. Such a sharp rise in the number of cases, does not augur well for market sentiments. However, the opening-up of the lockdown has continued to help sentiments.


Global cues remain a key

Global sentiments would continue to drive the markets. At the moment, sentiments are solid for markets around the world. However, the only worry is the rising number of Covid 19 cases in the Unites States. Some of the states in the US, has seen a rise in the number of cases, which could impact global sentiments. This remains a key for the markets.

Border tensions with China

Last week was marked by border tensions, with China, but, investors in general do not expect an escalation, given the consequences of the same. However, if tensions continue to mount, we could see the market sentiments getting impacted. One needs to keep a close eye on the comments coming from China and India, with regards to the borders.

Corporate results

As many as 600 companies, including some big names like Coal India, Bank of Baroda, Sun TV, GIC would be declaring their corporate results today. One has to keenly observe the commentary from many of these companies. Individual stocks are likely to react to their numbers, so do keep an eye on the numbers.

Volatility is expected in the coming week, particularly in view of the developments mentioned above. So, do exercise some caution before investing.

Markets Next Week: Covid Cases, Global Cues The Key
Read more about: sensex nifty
Story first published: Sunday, June 21, 2020, 11:04 [IST]
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