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Dalal Street Week ahead | 10 key factors that will keep traders busy this week

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Dalal Street Week ahead | 10 key factors that will keep traders busy this week

The benchmark indices shed around 2.5 percent over the week. The Sensex plunged 1,525 points, or 2.73 percent, to 54,334, and the Nifty50 declined 413 points,. (2.48 percent). Losses were led by auto, banking & financials and consumption stocks.

The coming week is expected to favour bears again, given the elevated volatility unless the Ukraine situation subsides. The election results on March 10 could also influence the market’s direction. Investors will be keeping a careful eye on China’s and the United States’ inflation numbers.

Here are 10 key factors that will keep traders busy next week:

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Ukraine-Russia War:

Russian President Vladimir Putin warned that Ukrainian statehood was in jeopardy. A promised ceasefire in the besieged port city of Mariupol collapsed amid scenes of terror. Ukraine’s President Zelenskyy has asked for weapons from western countries and has sought more sanctions against Moscow.

The United States has asked its citizens to leave Russia immediately over fears of harassment by Russian security officials. Around 1.5 million people have fled Ukraine, triggering the worst refugee crisis of the century. Thousands of Indians, most of them students, have left the war-torn country and are being brought home.

Oil price :

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Worries over rising oil prices raised risks of inflation and worries for corporate earnings. India’s trade deficit could widen as it imports 80-85 percent of its oil requirement.

Global data points :

US and China’s inflation numbers for February will be closely watched by global investors. In January, US inflation hit a 40-year high of 7.5 percent, favouring expectations of more rate hikes in coming quarters.

Relentless Selling Pressure by FIIs :

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Domestic institutional investors offset FII outflow to a great extent. FIIs have sold more than Rs 2 lakh crore worth of shares since October 2021. Experts expect the selling to remain intense and feel the market may get support from DIIs, though the upside is feeling pressure from FIIs.

Economic Data :

Economic and financial data for February will be released on March 3, the Reserve Bank of India (RBI) has said in its latest bulletin. The bank loan and deposit growth for fortnight ended February 25, as well as foreign exchange reserves data for the week ended March 4 will also be published.

Technical View :

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The Nifty has moved closer to its crucial support of 16,130 on March 4. The index has formed a bearish candle, which resembles the Spinning Top pattern. Trend seems to be in favour of the bears with consolidation, says analyst Nagaraj Shetti.

F&O Cues : 

The Nifty50 could see a wider trading range of 15,800 to 16,700 in the coming sessions. Maximum Call open interest was seen at 17,000 strike followed by 16,.700 and 16,800 strikes. The maximum Put open interest saw at 16,300 strike then 16,200 and 15,500 strikes.

The fear index :

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India VIX, the fear index, climbed above the 30-mark again before settling at 27.95 on March 4. Volatility has to fall below the 20-mark for stability and to bring the bulls back on street.

Corporate action: 

Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The views and investment tips expressed by experts are their own and do not necessarily reflect those of the website or its management.

Sharekhan’s research report on NMDC : 

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NMDC has taken cumulative price hikes of 14%/12% or Rs. 700/Rs. 500 per tonne for iron ore lump/fines over Jan-Feb 2022. Domestic iron ore price is at steep discount of 43% to international iron prices.

Complete News Source : MONEYCONTROL

 

 

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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