Markets Week Ahead, Auto Stock In Focus

The Sensex, Nifty indices closed moderately higher this week with the Nifty ended the week at 11788 points v/s 11724 points last week. Banking and NBFC such as DHFL showed greater volatility through the week.

The week ahead, markets expect increased volatility ahead of the Union Budget which will be presented by the new Finance Minister Nirmala Sitharaman 5th July 2019. 

The second-term NDA govt is likely to make corrections in several schemes policies for delivering growth to the middle-class, farmers, agricultural and corporate sectors, and the stocks related to the sectors will be on watch.

Further, stocks in Auto companies will be in limelight as the sales data of auto companies will be announced from 1st July 2019.

On Commodity, Crude price oil movements will also be watched out  as the OPEC and  its allies will hold meetings on July 1st and 2nd in Vienna to decide whether nor not to extend their supply restrictions.

Monsoon will also be watched as good monsoon has direct impact on Kharif output, whereby agriculture sector stocks are expected to increase.

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