2024-03-11 16:14:44
New Delhi: A bumper rise was seen in the stock market last week. The market continued to rise on Thursday. During this period, both Sensex and Nifty closed with a rise. The Sensex closed at a new record level of 74,119.39 points with a gain of 33.40 points or 0.05 percent. At one time during trading it had climbed 159.18 points. At the same time, Nifty of National Stock Exchange also closed at a new record level of 22,493.55 points with a gain of 19.50 points or 0.09 percent. The market was closed on Friday due to Mahashivratri. Earlier on Wednesday, BSE Sensex had closed at record high by rising 408.86 points and Nifty by 117.75 points. Many factors will affect the movement of the stock market this week.Stock Market Prediction: How will the market move next week? Know in which shares there will be earning opportunity
Keep an eye on these factors
The direction of local stock markets this week will be decided by macroeconomic data on the domestic front and global trends. On the domestic front, industrial production (IIP) and inflation data are due during the week. Analysts have expressed this opinion. Analysts say that due to high valuations there may be some fluctuations in the market. On Thursday, BSE Sensex and NSE Nifty closed at their all-time high. Apart from this, activities of foreign investors, global Brent crude oil prices and fluctuations of rupee against dollar will also be important for the market.
India’s stock market is making records, there is an outcry in China’s stock market, investors are sitting holding their heads.
These figures will have an impact
This week the market’s focus will be on inflation data. During the week, Consumer Price Index (CPI) based inflation data of India and America will come on Tuesday. Wholesale Price Index (WIP) based inflation data will be released on Thursday. At the same time, buying by foreign institutional investors (FIIs) may continue this week. In such a situation, shares of big companies can perform better. Industrial production data for January and consumer price index based inflation data for February will be out on Tuesday. Wholesale inflation data will be released on Thursday.
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