US stocks remained unchanged on Monday as investors awaited inflation data and the start of the first-quarter earnings season. The distraction of a solar eclipse and the potential delay of an interest rate cut by the Federal Reserve affected market sentiment. The Labor Department’s CPI report is expected to show a slight cooldown in price growth. The first-quarter reporting season will begin with numbers from major US banks on Friday. Tesla Inc shares received a boost after CEO Elon Musk announced the company’s plans to unveil its Robotaxi on August 8.
Santosh Meena, Head of Research at Swastika Investmart, discusses the current state of the Indian stock market and provides insights into the outlook for the Nifty and Bank Nifty. He also shares his views on the upcoming earnings season and the prospects for various sectors. Additionally, Meena discusses the impact of interest rates on investment flows and provides advice on specific stocks for investors.
