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Market Ahead Podcast, July 1: Top factors that could guide markets today


Amid a mixed set of cues from global peers and concerns over the new variant of Covid-19, Indian markets eye a muted start to the new month, with SGX Nifty ruling 2 points lower at 15,745 around 7.30 am. Market participants will also be closely eyeing the auto sales and PMI data for cues while volatility could remain high due to weekly F&O expiry.
That apart, amid rising crude prices, investors will also keenly watch out for the Opec+ meeting that will decide on the production levels. While the group is expected to return some barrels to the market in August, nervousness over the fast-spreading delta virus variant may limit the increase. Ahead of the outcome, crude prices traded higher, with Brent up 0.49 per cent at $75.13 a barrel. ....

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