This week, on the domestic stock market, the effects of geo-political tensions and the events related to trade disputes between the US-China will be found. Especially in the Gulf region, increasing tension between the US and Iran can hinder crude oil supplies. On the other hand, in the G-20 summit going to be held in Japan at the end of the week, there is a world-wide view on the meeting between US President Donald Trump and President of China, where the possibility of initiatives to resolve business issues between the two countries.
According to the news agency IANS, the expiry of futures and options contracts can be seen in the last week of the month of June, because the June F & O contract of June will end on June 27, the trader will enter into the July contract and will create positions. At the end of the week, it will be seen that the activities of the country's infrastructure sector remained in May last month, because on Friday the production data of this area will be released. In the meantime, the monsoon's progress in the country and the investors' eyes are seen on the upcoming budget, but in the international market this week the direction of the rupee will play a special role in crude oil prices and the dollar in the international market. Tensions have increased in the Gulf region since Iran drowned the American drone.
Many countries including India and America have asked their airline companies to operate flights from other airways instead of the Iranian airspace. Due to the increase in the cost of crude oil due to geopolitical pressures, business trends in the market can also be weak. After the Lok Sabha elections in the country, the first general budget of the second term of the NDA government, which was re-elected under the leadership of Prime Minister Narendra Modi, will be presented in Parliament in the first week of next month. Finance Minister Nirmala Sitharaman will present his first budget in the Lok Sabha on July 5. Investors will be looking at foreign portfolio investors’ i.e. FPI and domestic institutional investors, i.e. DII trends.
The Asian market will also be seen on the results of Bank of Japan Monetary Policy Meeting, details of which will be issued on June 25. The Japanese Central Bank has decided not to make any change in the interest rate in its meeting this month. The G-20 summit will be held in Osaka, Japan on June 28-29. The President and the Chief Leader of the member countries of the group will participate in the conference. So, this meeting will be a global look.