Stock Market: IPO listing, FII buying among key factors that will steer market this week

NEW DELHI: With June quarter earning season over, focus will now shift to global market cues, which, along with vaccination progress in India, will steer markets now. If India achieves a certain level of inoculation, the third wave of the pandemic could prove to be less devastating.

The week witnessed a volatile start as global markets were not in favour of bulls. Measures taken by BSE to curb excessive price movement in smaller stocks also nudged selling pressure in small and mid-cap stocks. However, they recovered after a late clarification from BSE on limiting its restrictions to penny stocks.

“With positive economic data pointing towards economic recovery, the market is expected to remain bullish in the long term while the possibility of a short correction in the near term cannot be ruled out. On the backdrop of eased retail inflation, the wholesale price inflation data to be released next week is expected to cool down as well,” said Vinod…

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