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In the first week of the new year, the direction of the stock markets will determine the monthly and financial data for vehicle sales.

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In the first week of the new year, the direction of the stock markets will be determined by the macro-economic data and monthly data on vehicle sales. Experts have expressed this opinion. Apart from this, investors will also be looking at the results of third quarter results of the companies. Vinod Nayar, Head of Research, Geojit Financial Services, said that evaluation will continue to be supported by the strong foundation of the domestic market, while investors’ eyes will also be reflected in the third quarter results. Apart from this, investors will be looking at the price of crude oil on the global market and estimates of three additional rate hikes for the Federal Reserve in 2018.
Nayar said that with the general budget and reforms of the government, investors will be inclined towards special areas or stocks. Apart from this, the increase in capacity utilization and improvement in the investment cycle will also boost the market. PMI figures of manufacturing and services sectors are coming this week, which will play an important role in deciding the direction of the market. Mustafa Nadeem, Chief Executive Officer of Epic Research said, “Vehicle sales figures are coming this week. The market will be looked at as it can get further momentum for the market. “Nadeem said that the most important aspect for 2018 will be the quarterly results.

Arun Thakral, Managing Director and Chief Executive Officer of Axis Securities, said, “After the assembly elections of the states, all eyes are on the budget. The next budget will focus on the rural economy. It will be an opportunity for the government to overcome the problems of the rural economy. “In the year 2017, the 30-share Sensex of the Bombay Stock Exchange rose by 7,430.37 points or 27.91 percent.