Stock Market Trends: Next week, investors will also keep an eye on the movement of rupee, Brent crude oil and the attitude of foreign investors.
Factors For Stock Market Trends: This week a lot of upheaval has been seen in the stock market.
Due to which the attention of the investors remains on what will be the trend of the market next week.
According to stock market analysts, global trends and the situation of the Kovid epidemic in China will determine the stock market trends this week.
He says that in the last week, a change has been seen in the attitude of the stock market investors amid increasing cases of Kovid-19 in some other countries including China.
Which has a direct impact on the business of the market.
Apart from this, due to the strong US growth data, the possibility of increasing the interest rates by the Federal Reserve has also led to weakness in the market.
Last week, the 30-share BSE Sensex closed at 59,845.29 with a loss of 1,492.52 points, or 2.43 percent, and the Nifty closed at 17,806.8, down 462.2 points, or 2.52 percent.
Ajit Mishra, Vice President (Technical Research), Religare Broking Ltd. said, “The scheduled derivatives expiry of December month contracts will keep the participants busy.
Apart from this, the increase in Kovid cases will increase instability.
Let us tell you that next week, investors will also keep an eye on the movement of rupee, Brent crude oil and the attitude of foreign investors.
This past week, on the last trading day i.e. Friday, the Indian Rupee closed at 82.86 per dollar with a gain of seven paise against the US Dollar.
Shrikant Chauhan, head of equity research (retail), Kotak Securities Ltd, said, "Global equity markets will be affected by the increase in Kovid (Covid-19) infection in China and the possibility of recession".
Apart from this, Vinod Nair, Head of Research, Geojit Financial Services, has said that the market is expected to remain volatile next week, as investors are keeping an eye on the increasing cases of Kovid-19 in China.
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