2024-04-24 02:31:59
New Delhi: There was a rise in the stock market on the last day of the trading week last week. Although the market had opened with a fall in the morning, but later there was a rise in the market amid good buying. The trend of decline in the market that had been going on for the last four days had stopped. BSE’s 30-share index Sensex rose 599.34 points or 0.83 percent to close at 73,088.33. However, the Sensex opened with a decline and slipped by 672.53 points or 0.92 percent to a low of 71,816.46 in early trade. But Sensex was successful in gaining momentum due to buying in bank shares. National Stock Exchange (NSE) index Nifty also jumped 151.15 points or 0.69 percent and closed at 22,147 points. It fell to a low of 21,777.65 in early trade, but later closed with gains. With this, the trend of decline in both the major indices that had been going on for the last four trading sessions came to an end. In these four days, both Sensex and Nifty saw a significant decline. The companies included in the Sensex group include Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC. Was successful in gaining the lead. On the other hand, shares of Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys were down. Let us know how the market may behave next week. Which factors will affect the market movement?
Gold and silver prices reached sky high in India, you will be shocked to know the price of gold in Pakistan
Keep an eye on these factors
The trend of stock markets will be affected this week by the Iran-Israel conflict, quarterly results of companies and activities of foreign investors. While giving this opinion, analysts also added that the market will also be affected by the movement of rupee against crude oil and dollar. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, said that this week is very important for the market amid the ongoing concerns regarding the conflict between Iran and Israel. He said if tensions escalate significantly, there is a risk of panic selling and increased volatility in global stock markets. Furthermore, the market will keep a close eye on the fluctuations in crude oil prices, as geopolitical events often affect them.
How Iran-Israel conflict can affect India, know
Results of many companies will come
This week, investors will also keep an eye on the quarterly results of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti. Last week, the BSE Sensex had fallen 1,156.57 points or 1.55 per cent, while the Nifty fell 372.4 points or 1.65 per cent. According to experts, this week, along with global cues, the quarterly results of companies will be monitored. Investors will also keep an eye on US manufacturing and services PMI data, US first quarter GDP and Japan’s monetary policy.
(with language input)