Business

Stock Market Closing Update Sensex Nifty Update Global Cues FIIs DIIs

Stock Market Closing Update Sensex Nifty Update Global Cues FIIs DIIs
Written by Arindam
Stock Market Closing Update Sensex Nifty Update Global Cues FIIs DIIs

Stock Market Update: If there is a plan to invest your money in the stock market next week or if your money is already invested, then know how the market will be trading next week… Will the selling continue in the coming week or something? Relief can be seen. Let us tell you that this week the wholesale inflation data for April will be released. Along with this, the market will also get direction from global cues and quarterly results of companies.

FIIs are selling continuously
According to market experts, the market will also keep an eye on the attitude of Foreign Institutional Investors (FIIs). Let us tell you that FIIs were selling continuously last week. Santosh Meena, Head of Research, Swastika Investmart, said inflation and tightening of their monetary stance by central banks are a matter of concern for markets across the world. The bears dominate the local market, but they have sold some more, which may change their trend.

further relief is expected
Meena said that selling is going on in the US market as well. Most investors are selling shares of the IT sector. However, some stability has been seen in the last two trading sessions. In such a situation, some relief can be expected in the future.

Global signals will also have an effect
He said that in the absence of major developments on the domestic front this week, the direction of the market will be decided by global cues. However, in view of the fourth quarter results of the companies, special activities may be seen in some stocks.

LIC’s IPO will be listed on 17th
Let us tell you that on the domestic front, the IPO of Life Insurance Corporation (LIC) will be listed in the market on May 17. Apart from this, FIIs are selling continuously and DIIs are trying to make up for it. In such a situation, the market will also keep an eye on the trend of DII. Apart from this, the trend of the dollar index, the price of crude oil and the volatility of the rupee will also be necessary for the domestic markets.

Inflation figures will come on Tuesday
Market experts say that investors will also keep an eye on the wholesale inflation data for April, which is to come on Tuesday.

Results of many companies will come this week
Let us tell you that due to the quarterly results, special activities can be seen in some stocks. This week the quarterly results of Bharti Airtel, DLF, Indian Oil Corporation, ITC, IDFC, JK Tire & Industries and NTPC are to come.

Sensex slips 2041 points
Last week, the 30-share BSE Sensex fell 2,041.96 points or 3.72 per cent. On the other hand, there has been a loss of 629.10 points or 3.83 percent in Nifty. Vinod Nair, Head of Research, Geojit Financial Services, said that due to the weakness of the rupee, high inflation and the lockdown in China, there was volatility in the markets last week. He said that going forward, the pace of decline in inflation will decide the direction of the market due to the measures of the Federal Reserve.

Read also:
Upcoming IPO: IPOs of these 3 companies are being open next week, just by investing 14000, you will get bumper benefits! check details

IRCTC Tour Package: Opportunity to visit Himachal in June holidays, trip for 7 days, book quickly

About the author

Arindam

Leave a Comment

%d bloggers like this: