Mumbai, June 23: Sensex and Nifty showed no decisive trend since the results of the general elections last month. Several factors like a sharp rise in oil prices, forecast of a weak monsoon and concern of slowdown have held back investors from participating. Union Budget 2019: 'Halwa Ceremony' Held at Finance Ministry Ahead of Printing Budget Documents.
In the next fortnight markets is set to witness two major triggers. The US-China trade talks at the G-20 in Osaka, Japan, next week and the Union Budget to be tabled on July 5.
While the Indian investors are desperately awaiting a budget with plans to kick-start a slowing economy, traders globally expect a resolution between the two biggest economies entangled in an expensive trade war. Both the events will decide the fate of the markets for the second half of the year.
During the week gone by, an escalation in trade tension sent the oil prices higher, which will continue to have a bearing on the market. Brent crude, the global oil benchmark rose sharply on Thursday after war like situation developed between Iran and the US after Iran shot down a US drone.
US President Donald Trump on Friday said he was in "no hurry" to retaliate. Trump warned that the "we were cocked and loaded to retaliate last night" but chose otherwise as its alse" href="https://facebook.com/sharer.php?u=https://www.latestly.com/india/information/us-china-trade-talks-union-budget-2019-to-provide-markets-the-next-big-trigger-951408.html" title="Share on Facebook">