Indian stock markets closed at two-month lows after falling due to poor global cues


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Stock Market Update: If you are planning to invest money in the stock market next week, then before that know how is the trading going to happen in Sensex-Nifty next week? Will this kind of decline be seen in future also or can investors get some relief… This week’s global cues and FII’s trend will decide the move of the market. Apart from this, there may be volatility in the domestic markets due to monthly derivative settlement. Market experts have expressed this opinion.

Nifty rises after 5 weeks of decline
Santosh Meena, Head of Research, Swastika Investmart said that the last few sessions have seen a lot of volatility in the local markets. However, the Nifty has seen a rise of three per cent after a series of five weeks of decline.

Indian market is in better shape
Meena said that inflation in the global economy and sluggishness in the markets around the world is a matter of concern. Because of this foreign institutional investors are selling. However, Indian markets are in a better position due to support from domestic investors.

Dollar index will give direction
He said that due to settlement of monthly derivative contracts, there will be some volatility in the domestic markets this week. The details of the Federal Open Market Committee meeting on the global front will be released on May 25, which will be very important from the market point of view. Apart from this, the trend of the dollar index will play an important role in giving direction to the market.

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Know what is the opinion of experts?
Yesha Shah, Head of Equity Research, Samco Securities said, “The market was volatile last week. This trend is likely to continue this week due to macroeconomic data, the current quarterly results season and derivatives settlement. will affect.

Sensex-Nifty edged up
Last week, the 30-share BSE Sensex rose 1,532.77 points or 2.90 per cent. At the same time, the Nifty of the National Stock Exchange was up by 484 points or 3.06 percent.

Quarterly results of these companies will come
Let us tell you that during this week the quarterly results of SAIL, Zomato, Adani Ports, Deepak Fertilizers, InterGlobe Aviation, Hindalco, NMDC, GAIL and Godrej Industries will come. Ajit Mishra, Vice President Research, Religare Broking said that going forward, the global trend, the final phase of the quarterly results and the Russia-Ukraine war will affect the market direction.

Read also:
FPI: Why is there so much decline in the domestic market, know whether this trend will continue next week as well?

Market cap of 3 Sensex companies increased by 1.78 lakh crore, Reliance Industries benefited the most

By PK NEWS

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