Condition of the market next week, whether the impacts of global market will be seen or not.
The market move may be decided by global signals next week. According to market experts, the announcement of quarterly results of the companies is nearing completion, in such a situation, the market may also see some decline.
New Delhi, Stock Market: Continued upward trend in the market (BSE Sensex-Nifty) since the budget. The market move may be decided by global signals next week. According to market experts, the announcement of quarterly results of the companies is nearing completion, in such a situation, the market may also see some decline. Apart from this, the investment trends of foreign institutional investors can also see an impact in the market.
According to Ajit Mishra, vice-president (research), Religare Broking Limited, "The recent decline in the share index is in line with the estimates but there is no sign of that." The chance to announce quarterly results has almost passed. The forward direction of the market can be influenced by the trends in global markets. '
Opinion of market experts-
According to Nirali Shah, head of the stock market research division of SAMCO Securities, "The market has so far multiplied according to the projections of all the major deductions. In the coming week, there may be an adjustment or a healthy fall in prices. ”Vinod Nair, head of research, Geojit Financial Services, also believes that the market may now see a slight decline after a steep rally after a reformist budget."
How was the market's condition last week-
He said that market sentiments will remain positive, but the trend of global markets may have an impact on the market. There are signs of global market due to weakness in European markets. Last week, the BSE 30 Sensex gained 812.67 points, or 1.60 per cent, in total.