Modern Bharat
Stock Market Outlook: Indian market will run on the basis of Corona data and global signals in China
Business

Stock Market Outlook: Indian market will run on the basis of Corona data and global signals in China


Stock Market Outlook: The wave of Corona has again started wreaking havoc. The shadow of Covid has again deepened in the neighboring country China and according to the media reports coming from there, crores of people are getting infected by it daily. These news are proving to be very worrying for the Indian stock market as well and that is why Friday has proved to be Black Friday for the domestic market.

Global and Indian stock market will remain volatile

According to financial experts, global trends and the situation of the Kovid epidemic in China will determine the movement of the stock markets this week. Apart from this, volatility may remain between the completion of futures deals on Thursday.

According to analysts, investor sentiment remained weak last week amid increasing cases of Kovid-19 infection in China and some other countries. Besides, strong US growth data gave room for the Federal Reserve to continue with its accommodative stance. Because of this also weakness has been seen in the market. Last week Sensex fell 1492.52 points or 2.43 percent and the whole week has proved to be very disappointing for the stock market. On the other hand, the Nifty declined by 462.20 points or 2.52 per cent.

what do experts say


Shrikant Chauhan, head of equity research (retail), Kotak Securities Ltd, said, “Global equity market will be seen due to increase in Kovid infection in China and the possibility of recession.” Vinod Nair, Research Chief, Geojit Financial Services, said that the market is expected to remain volatile, as investors are keeping an eye on the increasing cases of Kovid-19 in China.

This will happen at the end of the year

Ajit Mishra, vice-president (technical research), Religare Broking Ltd., said, “The scheduled derivatives expiry of December month contracts will keep the stock market busy. Apart from this, the increase in cases of Kovid infection will increase the volatility.” Next week, investors will also keep an eye on the movement of rupee, Brent crude oil and foreign investors.

read this also

Finance Minister Nirmala Sitharaman said – the country is in a better position to deal with Kovid, India is the ‘pharmacy of the world’





Source link

Related posts

There is a possibility of global recession in the world this year, India will get benefit, revealed in the survey

MB Desk

Raghuram Rajan said, India’s thinking of replacing China is immature, it will take time

MB Desk

‘Corona’ is back! If this negligence is done then you will have to face serious consequences.

MB Desk

Shivam Mavi became the third Indian to take 4 wickets in T20I debut, know the names of the other two bowlers

MB Desk

If you want to visit Kashi and Prayagraj, then book in this tour package of Indian Railways!

MB Desk

SEBI On Buyback: SEBI will gradually end the buyback of shares through the stock exchange

MB Desk

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More